April 27, 2017
WHEFA Bond Financing Helps Goodwill Industries of North Central Wisconsin, Inc. Expand in Menasha, Neenah, Oshkosh & Plover, and Refinance in La Crosse
Bonds Placed with Wells Fargo Bank, National Association
This is our fifth transaction with WHEFA. Working with great partners makes a detailed process seem “easy.” Tax-exempt financing is a vital part of our organization’s strategic planning process and enables Goodwill to operate more effectively so it can invest more resources into workforce training programs that connect individuals to work opportunities.”
— Billie Jo Higgins,
Vice President – Finance
Goodwill Industries of North Central Wisconsin, Inc.
Bond financing facilitated by WHEFA will be used to help Goodwill Industries of North Central Wisconsin, Inc. (“Goodwill NCW”) finance and refinance the costs associated with the acquisition, construction, renovation, remodeling and equipping of various retail stores and training facilities located in Neenah, Oshkosh, and Plover, Wisconsin, along with costs associated with the acquisition of and improvements to facilities located in Menasha. Bond proceeds were also used to refinance bonds previously issued by WHEFA in 2012. This federally tax-exempt financing process has enabled Goodwill NCW to operate more effectively by financing its capital expenses at a lower interest rate (initially 2.50%).
WHEFA is proud to have been able to assist Goodwill NCW reduce their overall debt service by providing access to low-cost private capital.