May 4, 2017
WHEFA Bond Financing Helps Carroll University, Inc. Refinance in Waukesha
Bonds Placed with PNC Bank, National Association
“We appreciate WHEFA’s assistance and guidance on this important refinancing of our 2006 bond issue. The savings to our institution will be felt over the next ten years. The freed-up dollars will benefit our students.”
— Ron Lostetter, VP of Finance & Administration,
Carroll University, Inc.
Bond financing facilitated by WHEFA was used to help Carroll University, Inc. refinance bonds previously issued by WHEFA in 2006. The net present value savings following the refinancing was approximately $464,000. This federally tax-exempt financing process has enabled Carroll University to operate more effectively by financing its capital expenses at a lower interest rate (2.14%).
WHEFA is proud to have been able to assist Carroll University reduce their overall debt service by providing access to low-cost private capital.