00101211 —

Apr 2-0:20
Listing Began:

Description

Seller's Comments and Description:

NOTICE OF PUBLIC HEARING

WITH RESPECT TO

NOT TO EXCEED $375,000,000 OF VIRGINIA SMALL BUSINESS FINANCING AUTHORITY REVENUE BONDS (CARING FOREVER OBLIGATED GROUP)

NOTICE IS HEREBY GIVEN that a public hearing pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended (the “Code”) will be held on behalf of the Virginia Small Business Financing Authority (the “Authority”) on the 14th day of April, 2026, at 12:00 p.m., local time, at 101 N. 14th Street, 11th Floor, Richmond, Virginia 23219, in connection with the following matters:

Caring Forever Portfolio 1 LLC, a Delaware limited liability company (together with any subsidiary or affiliate thereof, the “Borrower”), the sole member of which is Caring Forever, Inc., a Delaware nonprofit corporation and an organization exempt from federal income tax under Section 501(a) of the Code, as an organization under Section 501(c)(3) of the Code (the “Nonprofit Corporation”), has filed with the Authority an application requesting that the Authority, pursuant to the Virginia Small Business Financing Act, Title 2.2, Chapter 22, Article 7 of the Code of Virginia, as amended (the “Act”), issue its tax-exempt revenue bonds (the “Bonds”) in one or more series pursuant to a plan of finance in a maximum aggregate principal amount of $375,000,000. The Bonds will be issued as “qualified 501(c)(3) bonds” (as defined in Section 145 of the Code) for skilled nursing facilities.

The proceeds of the Bonds will be loaned to the Borrower to: (i) pay or reimburse the Borrower for all or a portion of the costs of acquiring three skilled nursing facilities (the “Projects”), either via the acquisition of the membership interests in the entities that own such assets or through the acquisition of such assets directly, (ii) pay working capital costs directly related to the Projects; (iii) fund certain operating and other reserves, including a debt service reserve fund; and (iv) pay certain expenses incurred in connection with the issuance of the Bonds. The Projects are located at: (A) 9640 Burke Lake Road, Burke, Virginia, 22015 (the “Burke Facility”), 3710 Langston Boulevard, Arlington, Virginia, 22207 (the “Cherrydale Facility”), and 14935 Holly Knoll Lane, Gainesville, Virginia, 20155 (the “Lake Manassas Facility”).

The legal owner of each facility comprising the Projects will be a single-purpose limited liability company, and all such limited liability companies will be wholly owned by the Nonprofit Corporation, either directly or indirectly through its ownership of the Borrower.

The maximum stated principal amount of Bonds to be issued for the Burke Facility is $200,000,000; for the Cherrydale Facility is $200,000,000; and for the Lake Manassas Facility is $200,000,000; however, in no event will the maximum aggregate principal amount of the Bonds exceed $375,000,000.

As required by the Act, the Bonds will not constitute a debt or pledge the faith and credit or the taxing power of the Commonwealth of Virginia or any political subdivision thereof, including the Authority, but shall be special limited obligations of the Authority payable solely from revenues derived from the Borrower and pledged therefor.

The hearing will provide a reasonable opportunity to be heard for persons wishing to express their views on the merits of the Projects, its location, the issuance of the Bonds, the related plan of finance, or related matters. A copy of the Borrower’s application materials may be inspected at the Authority’s office at 101 N. 14th Street, 11th Floor, Richmond, Virginia 23219 during business hours.

Dated: April 2, 2026

AD#101211





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