WHEFA Bond Financing Helps Divine Savior Healthcare, Inc. Refinance in Portage
“As with our previous financing efforts, the success of securing low cost tax-exempt financing was enhanced by the support and expertise of the WHEFA staff. Accessing the tax-exempt marketplace has enabled us to continue improving access to quality, high valued services to our Community, the cornerstone of our strategic plan. Working with the WHEFA staff has been a pleasure.”
— Marlin “Pete” Nelson, VP of Finance
Divine Savior Healthcare, Inc.
Bond financing facilitated by WHEFA was used to help Divine Savior Healthcare, Inc. refinance bonds previously issued by WHEFA in 2006. The net present value savings following the refinancing was approximately $4.75 million. This federally tax-exempt financing process has enabled Divine Savior Healthcare, Inc. to operate more effectively by financing its capital expenses at a lower interest rate (2.639%).
WHEFA is proud to have been able to assist Divine Savior Healthcare, Inc. by reducing their overall debt service and allowing them to grow and compete by providing access to low-cost private capital.