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Presbyterian Retirement Communities, Inc.

Full company profile

uuid028wd3f

Namestring
Presbyterian Retirement Communities, Inc.
Websiteurl
mystop.com
Company typeenum
Private
Founded yearint
1954
Descriptiontext

The supplied source material describes MyStop LLC, a privately held Michigan-owned convenience store and fuel retail chain operating 16 retail locations across the state (14 petroleum stations under BP and Shell brand partnerships plus 2 standalone convenience stores), headquartered at 32600 Stephenson Highway, Madison Heights, MI. Its core product surface is the physical retail footprint plus the MyStop Rewards mobile application (iOS and Android), which implements a points-based loyalty engine where customers earn points on every purchase and redeem them for in-store credits (100-1,000 points for $1-$10 plus cents-per-gallon fuel discounts) and weekend perks such as double points and 99-cent coffee/fountain drinks. Revenue is generated transactionally through fuel sales under branded petroleum partnerships, convenience-store merchandise (snacks, beverages, food), and ancillary services including ATMs and money orders. Customers are Michigan local residents and travelers acquired through physical storefront presence, the MyStop Rewards app, in-store promotional displays, and a Facebook social-media channel. Note: the supplied firmographic header names "Presbyterian Retirement Communities, Inc." (a not-for-profit senior living organization founded in 1954 in Orlando per the short description), but the entire evidence base describes MyStop LLC; this analysis is grounded strictly in the source data provided.

Short descriptiontext

MyStop LLC operates 16 Michigan convenience store and fuel retail locations (14 petroleum stations under BP and Shell brands plus 2 standalone stores), serving local communities and travelers through transactional fuel and merchandise sales and the MyStop Rewards mobile loyalty app.

Operating statusenum
Operating
Ownership categoryenum
akta.pro rankint
HeadquartersOrlando, United States
HQ citystring
Orlando
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices17 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
convenience store retail, fuel retail services, loyalty rewards program, petroleum station operations, Michigan convenience retail
Industry2 codes
1Fuel Stations with Convenience Retail (Forecourt C-Stores)
CodeCRANAJABPrimaryYes
2Non-Fuel Retail & Ancillary Forecourt Services (Car Wash, Auto Care, ATM/Lottery, Parcel Lockers)
CodeEUALAIAJPrimaryNo
NAICS code2 codes
  • Gasoline Stations with Convenience Stores45711
  • Gasoline Stations and Fuel Dealers457
SIC code2 codes
  • Retail-Auto Dealers & Gasoline Stations5500
  • Retail-Convenience Stores5412
Product category
Convenience Store Retail
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model3 records
1Fuel Sales
TypeTransaction Fee
Description

Sale of petroleum products (gasoline/diesel) at 14 petroleum station locations operating under BP and Shell brands

mystop.com
2Convenience Store Sales
TypeTransaction Fee
Description

Sale of snacks, drinks, and convenience items at 16 retail locations including 2 standalone convenience stores and 14 petroleum station convenience stores

mystop.com
3Ancillary Services
TypeTransaction Fee
Description

ATM services, money orders, and other convenience services at store locations

mystop.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Pricing details1 tier
1MyStop Rewards Program - Points-based loyalty system
ModelOtherBilling cadencePay-as-you-go
Notes

100 points = $1 off inside purchases + 5 cents off per gallon; 250 points = $2.50 off inside purchases + 15 cents off per gallon; 500 points = $5 off inside purchases + 25 cents off per gallon; 1000 points = $10 off inside purchases + 50 cents off per gallon. Sign-up bonus: 500 bonus points. Fuel rollbacks: 3 cents/gallon Mon-Fri, 5 cents/gallon Sat-Sun. Weekend perks: double points, any size coffee/fountain drink for 99 cents.

mystop.com
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

MyStop LLC operates 16 retail convenience store and petroleum station locations throughout Michigan, selling fuel (gasoline and diesel), snacks, beverages, and convenience items, supported by a points-based mobile rewards loyalty program (MyStop Rewards). The company also offers ATM services and money orders at store locations. Note: The source data provided pertains to MyStop LLC operations; the company name 'Presbyterian Retirement Communities, Inc.' per firmographics metadata is described as a non-profit senior living organization in Orlando, FL.

Differentiator
Functional benefit
Problem solved
Product and service5 records
1Fuel Sales
CategoryFuel Retail
Description

Sale of gasoline and diesel at 14 petroleum station locations operating under BP and Shell brands throughout Michigan, serving local communities and travelers.

2Convenience Store Items
CategoryConvenience Retail
Description

Sale of snacks, drinks, and convenience items at 16 retail locations including 2 standalone convenience stores and 14 petroleum station convenience stores, with Starbucks coffee and upscale food and beverage offerings.

3ATM Services
CategoryFinancial Services
Description

ATM cash withdrawal services available at store locations as a convenience service for customers.

4Money Orders
CategoryFinancial Services
Description

Money order issuance services at store locations as an ancillary convenience service for customers.

5MyStop Rewards Loyalty Program
CategoryLoyalty Program
Description

Points-based loyalty program accessible via mobile app (iOS and Android), allowing customers to earn points on every purchase, track rewards, view offers, and redeem points for fuel discounts and in-store savings. Features 500-point sign-up bonus, tiered rewards (100/250/500/1000 points), 3 cents/gallon Mon-Fri fuel rollbacks, 5 cents/gallon Sat-Sun fuel rollbacks, and weekend perks (double points, 99-cent coffee/fountain drinks).

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership4 partners
Strategic tierCoreTypeChannel Partner/ Reseller/ Distributor
Description

MyStop operates petroleum stations under the BP brand at multiple Michigan locations including Palace BP, Baldwin Crossings BP, Holly Road BP, Clarkston BP, Dixie Hwy BP, Silver Point BP, Pine Knob BP, Holly Hills BP, Argentine BP, Canton BP, Standish BP #1, Standish BP #2, and Roscommon BP.

Strategic tierCoreTypeChannel Partner/ Reseller/ Distributor
Description

MyStop operates petroleum stations under the Shell brand including Town & Country Shell location at Higgins Lake, Michigan.

Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

MyStop locations page links to Holiday TC Market website (https://www.holidaytcmarket.com/) at the Williamsburg, MI location.

Strategic tierMinorTypeGTM or Marketing Partner
Description

MyStop features Starbucks coffee products at store locations as part of their food and beverage offerings, as shown in promotional materials and latest promotions gallery.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Circle K is a global c-store and fuel retailer with significant Midwest presence. Directly comparable to MyStop on the integrated forecourt-retail format, proprietary loyalty program (Inner Circle), and aggressive unit-growth strategy in suburban trade areas.

TypeDirect peer
Description

Wawa is an East Coast c-store and fuel chain with an expanding Midwest footprint and a reputation for premium foodservice and a strong mobile loyalty app. Comparable to MyStop on the upscale c-store + loyalty-app positioning and on its ambitions for unit growth outside its core region.

TypeDirect peer
Description

Speedway was historically the dominant convenience/fuel chain across Michigan and the Midwest before being acquired by 7-Eleven. Competes directly with MyStop on suburban Detroit/Flint locations, fuel pricing, and loyalty (7Rewards), making it the most immediate same-format competitor.

TypeOthers
Description

Loyalty-tech vendors that power points-based c-store and fuel-station reward apps. Comparable as an ecosystem participant whose platforms underpin MyStop Rewards-style programs; useful for evaluating the operating cost and feature roadmap of MyStop's proprietary app.

TypeDirect peer
Description

Sheetz operates a Mid-Atlantic/Midwest c-store chain known for made-to-order food, modernized stores, and proprietary loyalty (Sheetz Rewards). Highly comparable to MyStop's 'high-end' c-store positioning, branded coffee offering, and tech-enabled loyalty flywheel.

TypeDirect peer
Description

Casey's operates ~2,900 c-store + fuel stations across the Midwest, with a strong footprint in Iowa, Missouri, and adjacent states and active expansion into Michigan. Highly comparable to MyStop on the integrated fuel-plus-prepared-foods model, inside-store merchandise mix, and small-town/suburban real-estate strategy.

TypeEmerging player
Description

Pilot Flying J operates large-format travel centers and c-stores with growing suburban/small-format exposure post-BP ownership. Partially comparable to MyStop on branded fuel retail and loyalty (myRewards Plus), with overlap on the c-store merchandise and food-service mix.

TypeBroad incumbent
Description

Shell is MyStop's other major branded-fuel supplier and runs a global retail network with its own loyalty program (Fuel Rewards). Comparable as a broad incumbent whose wholesale fuel pricing, brand programs, and retailer agreements govern MyStop's fuel economics.

TypeBroad incumbent
Description

Marathon Petroleum is a major U.S. refiner and fuel marketer operating the Marathon brand across the Midwest. Comparable as a broad incumbent whose branded-dealer economics and wholesale pricing directly determine the margin pool available to small Michigan operators like MyStop.

TypeBroad incumbent
Description

BP is one of MyStop's two major branded-fuel suppliers and operates ampm convenience retail globally. Comparable as a broad incumbent in the same downstream fuels retail value chain, and BP's brand standards and supply economics directly shape MyStop's unit economics.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Presbyterian Retirement Communities, Inc.

Convenience Store Retailmystop.com

MyStop LLC operates 16 Michigan convenience store and fuel retail locations (14 petroleum stations under BP and Shell brands plus 2 standalone stores), serving local communities and travelers through transactional fuel and merchandise sales and the MyStop Rewards mobile loyalty app.

What Presbyterian Retirement Communities, Inc. does

The supplied source material describes MyStop LLC, a privately held Michigan-owned convenience store and fuel retail chain operating 16 retail locations across the state (14 petroleum stations under BP and Shell brand partnerships plus 2 standalone convenience stores), headquartered at 32600 Stephenson Highway, Madison Heights, MI. Its core product surface is the physical retail footprint plus the MyStop Rewards mobile application (iOS and Android), which implements a points-based loyalty engine where customers earn points on every purchase and redeem them for in-store credits (100-1,000 points for $1-$10 plus cents-per-gallon fuel discounts) and weekend perks such as double points and 99-cent coffee/fountain drinks. Revenue is generated transactionally through fuel sales under branded petroleum partnerships, convenience-store merchandise (snacks, beverages, food), and ancillary services including ATMs and money orders. Customers are Michigan local residents and travelers acquired through physical storefront presence, the MyStop Rewards app, in-store promotional displays, and a Facebook social-media channel. Note: the supplied firmographic header names "Presbyterian Retirement Communities, Inc." (a not-for-profit senior living organization founded in 1954 in Orlando per the short description), but the entire evidence base describes MyStop LLC; this analysis is grounded strictly in the source data provided.

Presbyterian Retirement Communities, Inc. firmographics

Firmographics
Name
Presbyterian Retirement Communities, Inc.
Website
https://mystop.com
Company type
Private
Founded year
1954
Operating status
Operating
Short description
MyStop LLC operates 16 Michigan convenience store and fuel retail locations (14 petroleum stations under BP and Shell brands plus 2 standalone stores), serving local communities and travelers through transactional fuel and merchandise sales and the MyStop Rewards mobile loyalty app.
Ownership category
akta.pro rank

Presbyterian Retirement Communities, Inc. industry classification

Industry
Product category
Convenience Store Retail
NAICS
Gasoline Stations with Convenience Stores (45711), Gasoline Stations and Fuel Dealers (457)
SIC
Retail-Auto Dealers & Gasoline Stations (5500), Retail-Convenience Stores (5412)
akta.pro primary industry
Fuel Stations with Convenience Retail (Forecourt C-Stores) (CRANAJAB)
akta.pro secondary industry
Non-Fuel Retail & Ancillary Forecourt Services (Car Wash, Auto Care, ATM/Lottery, Parcel Lockers) (EUALAIAJ)

Keywords

  • Convenience store retail
  • Fuel retail services
  • Loyalty rewards program
  • Petroleum station operations
  • Michigan convenience retail

Where Presbyterian Retirement Communities, Inc. is headquartered

Location

Headquarters

HQ city
Orlando
HQ country
United States
HQ region
North America

Offices17 records

Markets served

Presbyterian Retirement Communities, Inc. business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

  1. Fuel Sales: Sale of petroleum products (gasoline/diesel) at 14 petroleum station locations operating under BP and Shell brands
  2. Convenience Store Sales: Sale of snacks, drinks, and convenience items at 16 retail locations including 2 standalone convenience stores and 14 petroleum station convenience stores
  3. Ancillary Services: ATM services, money orders, and other convenience services at store locations

Pricing tiers

ModelBillingPrice
OtherPay-as-you-goMyStop Rewards Program - Points-based loyalty system

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Presbyterian Retirement Communities, Inc. product offering

Product offering

Core offering

MyStop LLC operates 16 retail convenience store and petroleum station locations throughout Michigan, selling fuel (gasoline and diesel), snacks, beverages, and convenience items, supported by a points-based mobile rewards loyalty program (MyStop Rewards). The company also offers ATM services and money orders at store locations. Note: The source data provided pertains to MyStop LLC operations; the company name 'Presbyterian Retirement Communities, Inc.' per firmographics metadata is described as a non-profit senior living organization in Orlando, FL.

Differentiator

Problem solved

Functional benefit

Products and services

  • Fuel Sales Sale of gasoline and diesel at 14 petroleum station locations operating under BP and Shell brands throughout Michigan, serving local communities and travelers.
  • Convenience Store Items Sale of snacks, drinks, and convenience items at 16 retail locations including 2 standalone convenience stores and 14 petroleum station convenience stores, with Starbucks coffee and upscale food and beverage offerings.
  • ATM Services ATM cash withdrawal services available at store locations as a convenience service for customers.
  • Money Orders Money order issuance services at store locations as an ancillary convenience service for customers.
  • MyStop Rewards Loyalty Program Points-based loyalty program accessible via mobile app (iOS and Android), allowing customers to earn points on every purchase, track rewards, view offers, and redeem points for fuel discounts and in-store savings. Features 500-point sign-up bonus, tiered rewards (100/250/500/1000 points), 3 cents/gallon Mon-Fri fuel rollbacks, 5 cents/gallon Sat-Sun fuel rollbacks, and weekend perks (double points, 99-cent coffee/fountain drinks).

Companies that use Presbyterian Retirement Communities, Inc.

Customer profile

Segments1 record

Ideal customer profiles1 record

Presbyterian Retirement Communities, Inc. technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

Presbyterian Retirement Communities, Inc. partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered core and minor.

  • BP (British Petroleum)coreChannel Partner/ Reseller/ DistributorMyStop operates petroleum stations under the BP brand at multiple Michigan locations including Palace BP, Baldwin Crossings BP, Holly Road BP, Clarkston BP, Dixie Hwy BP, Silver Point BP, Pine Knob BP, Holly Hills BP, Argentine BP, Canton BP, Standish BP #1, Standish BP #2, and Roscommon BP.
  • ShellcoreChannel Partner/ Reseller/ DistributorMyStop operates petroleum stations under the Shell brand including Town & Country Shell location at Higgins Lake, Michigan.
  • Holiday TC MarketminorChannel Partner/ Reseller/ DistributorMyStop locations page links to Holiday TC Market website (https://www.holidaytcmarket.com/) at the Williamsburg, MI location.
  • Starbucks CoffeeminorGTM or Marketing PartnerMyStop features Starbucks coffee products at store locations as part of their food and beverage offerings, as shown in promotional materials and latest promotions gallery.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Presbyterian Retirement Communities, Inc. competitors and assessment

Company assessment

Direct peers

  • Circle K (Alimentation Couche-Tard): Circle K is a global c-store and fuel retailer with significant Midwest presence. Directly comparable to MyStop on the integrated forecourt-retail format, proprietary loyalty program (Inner Circle), and aggressive unit-growth strategy in suburban trade areas.
  • Wawa: Wawa is an East Coast c-store and fuel chain with an expanding Midwest footprint and a reputation for premium foodservice and a strong mobile loyalty app. Comparable to MyStop on the upscale c-store + loyalty-app positioning and on its ambitions for unit growth outside its core region.
  • Speedway (7-Eleven): Speedway was historically the dominant convenience/fuel chain across Michigan and the Midwest before being acquired by 7-Eleven. Competes directly with MyStop on suburban Detroit/Flint locations, fuel pricing, and loyalty (7Rewards), making it the most immediate same-format competitor.
  • Sheetz: Sheetz operates a Mid-Atlantic/Midwest c-store chain known for made-to-order food, modernized stores, and proprietary loyalty (Sheetz Rewards). Highly comparable to MyStop's 'high-end' c-store positioning, branded coffee offering, and tech-enabled loyalty flywheel.
  • Casey's General Stores: Casey's operates ~2,900 c-store + fuel stations across the Midwest, with a strong footprint in Iowa, Missouri, and adjacent states and active expansion into Michigan. Highly comparable to MyStop on the integrated fuel-plus-prepared-foods model, inside-store merchandise mix, and small-town/suburban real-estate strategy.

Others

  • Loyalty marketing platforms (e.g., Paytronix / Punchh): Loyalty-tech vendors that power points-based c-store and fuel-station reward apps. Comparable as an ecosystem participant whose platforms underpin MyStop Rewards-style programs; useful for evaluating the operating cost and feature roadmap of MyStop's proprietary app.

Emerging players

  • Pilot Travel Centers: Pilot Flying J operates large-format travel centers and c-stores with growing suburban/small-format exposure post-BP ownership. Partially comparable to MyStop on branded fuel retail and loyalty (myRewards Plus), with overlap on the c-store merchandise and food-service mix.

Broad incumbents

  • Shell plc (Shell Retail / Shell stations): Shell is MyStop's other major branded-fuel supplier and runs a global retail network with its own loyalty program (Fuel Rewards). Comparable as a broad incumbent whose wholesale fuel pricing, brand programs, and retailer agreements govern MyStop's fuel economics.
  • Marathon Petroleum (Marathon brand retail): Marathon Petroleum is a major U.S. refiner and fuel marketer operating the Marathon brand across the Midwest. Comparable as a broad incumbent whose branded-dealer economics and wholesale pricing directly determine the margin pool available to small Michigan operators like MyStop.
  • BP plc (TravelCenters / ampm retail): BP is one of MyStop's two major branded-fuel suppliers and operates ampm convenience retail globally. Comparable as a broad incumbent in the same downstream fuels retail value chain, and BP's brand standards and supply economics directly shape MyStop's unit economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Presbyterian Retirement Communities, Inc. social profiles

Digital presence

Presbyterian Retirement Communities, Inc. financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Presbyterian Retirement Communities, Inc. leadership team

Management profile

Number of profiles

Presbyterian Retirement Communities, Inc. funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Presbyterian Retirement Communities, Inc. M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Presbyterian Retirement Communities, Inc.

What does Presbyterian Retirement Communities, Inc. do?

MyStop LLC operates 16 retail convenience store and petroleum station locations throughout Michigan, selling fuel (gasoline and diesel), snacks, beverages, and convenience items, supported by a points-based mobile rewards loyalty program (MyStop Rewards). The company also offers ATM services and money orders at store locations. Note: The source data provided pertains to MyStop LLC operations; the company name 'Presbyterian Retirement Communities, Inc.' per firmographics metadata is described as a non-profit senior living organization in Orlando, FL.

Is Presbyterian Retirement Communities, Inc. a public or private company?

Presbyterian Retirement Communities, Inc. is a private company. It is classified as nonprofit foundation owned and is currently operating.

When was Presbyterian Retirement Communities, Inc. founded?

Presbyterian Retirement Communities, Inc. was founded in 1954.

Where is Presbyterian Retirement Communities, Inc. based?

Presbyterian Retirement Communities, Inc. is headquartered in Orlando, United States, in the North America region.

How does Presbyterian Retirement Communities, Inc. make money?

Three revenue lines are on record. Fuel Sales are the primary driver. The others are convenience Store Sales and ancillary Services.

Who are Presbyterian Retirement Communities, Inc.'s main competitors?

Direct peers on record are Circle K (Alimentation Couche-Tard), Wawa, Speedway (7-Eleven), Sheetz and Casey's General Stores. Loyalty marketing platforms (e.g., Paytronix / Punchh) is listed as an others. Pilot Travel Centers is listed as an emerging player. Broad incumbents are Shell plc (Shell Retail / Shell stations), Marathon Petroleum (Marathon brand retail) and BP plc (TravelCenters / ampm retail).

Does Presbyterian Retirement Communities, Inc. have an API?

No public API is recorded for Presbyterian Retirement Communities, Inc..

What industry is Presbyterian Retirement Communities, Inc. in?

Presbyterian Retirement Communities, Inc.'s product category is Convenience Store Retail. Its primary akta.pro industry code is CRANAJAB, Fuel Stations with Convenience Retail (Forecourt C-Stores), with a secondary code of EUALAIAJ, Non-Fuel Retail & Ancillary Forecourt Services (Car Wash, Auto Care, ATM/Lottery, Parcel Lockers). Its NAICS code is 45711 and its SIC code is 5500.

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Live signals
PR NewswireTaxable Fixed-rate Advance Refunding and Tax-exempt Expansion Funding Allows for Streamlined Capital Structure and Continued Low-cost GrowthHJ Sims, a privately held investment bank founded in 1935, announced the successful September 2020 financing of $107,360,000 for Presbyterian Retirement Communities (PRC), operating as Westminster Communities of Florida. The transaction combined taxable fixed-rate advance refunding with tax-exempt expansion funding, achieving a blended True Interest Cost of 3.87% while enabling PRC to borrow $50 million for expansion projects at historically low fixed interest rates and maintain an "A-" Fitch Rating. The financing eliminates LIBOR exposure, streamlines PRC's debt structure, and positions the operator of ten life plan communities in Florida for continued growth while strengthening its liquidity during the COVID-19 environment.PR NewswireHJ Sims Announces Advance Refunding of Presbyterian Retirement Communities Outstanding Bonds Allows for $34 million+ in Gross Savings over Life of Prior Bond IssueHJ Sims successfully closed a $160,365,000 bond refinancing issue for Presbyterian Retirement Communities on December 15, 2016, achieving approximately $9.4 million in present value savings and $34.8 million in aggregate savings through the life of the prior bonds. The refinancing allowed PRC to take advantage of historically low interest rates, reduce overall cost of capital, and maintain its "A-" Fitch rating. PRC also gained additional debt capacity to fund capital improvements while reducing its Debt Service Reserve Fund requirement by approximately $2.35 million.