Inperium, Inc. Closes $175,000,000 Tax-Exempt Bond Issue
Inperium, Inc. and its affiliates (“Inperium”), together the nation’s fastest- growing nonprofit human services network, today closed its inaugural tax-exempt bond offering of $175,765,000. Bond proceeds will finance costs associated with Inperium’s affiliation with Resources for Human Development and refinance existing debt, thereby enhancing Inperium’s ability to support affiliated nonprofits and their missions, strengthening Inperium’s financial position, and facilitating continued network expansion. Cain Brothers, a division of KeyBanc Capital Markets, served as sole underwriter on the bonds, which was nearly 11x oversubscribed.
CEO Commentary
Ryan D. Smith, Executive Chairman and CEO of Inperium, commented on the developments: “Our inaugural tax-exempt bond issuance represents a major milestone in our mission to build the nation’s largest and most comprehensive human services network. With this capital, Inperium is well positioned to execute future transactions from our robust pipeline, ensuring we can continue to meet the needs of the communities we serve.”
About Inperium
Inperium is a national leader in nonprofit human services, providing a broad range of programs designed to improve the quality of life for individuals with intellectual or developmental disabilities, behavioral health