February 12, 2016
WHEFA Bond Financing Helps Gundersen Lutheran Administrative Services, Inc. Refinance in LaCrosse
“WHEFA was again instrumental in helping Gundersen with its tax exempt financing needs. In our current refinancing, Gundersen was able to secure a longer term commitment at a lower interest rate. This type of financing facility allows Gundersen to provide a more financially secure environment, at lower costs for our patients.”
-Don Brueggen, Director, Treasury
Gundersen Health System, Inc.
Bond financing facilitated by WHEFA was used to help Gundersen Lutheran Administrative Services, Inc. refinance bonds previously issued by WHEFA in 2011. This federally tax-exempt financing process has enabled Gundersen Lutheran Administrative Services, Inc. to operate more effectively by financing its capital expenses at a lower interest rate (initially 0.995%).
WHEFA is proud to have been able to assist Gundersen Lutheran Administrative Services, Inc. by reducing their overall debt service and allowing them to grow and compete by providing access to low-cost private capital.