August 18, 2015
WHEFA Bond Financing Helps St. Norbert College, Inc. Refinance in De Pere
“This tax exempt refinancing resulted in lower annual costs for our College, ultimately assisting as we continue to address the affordability of a college education. As always, we appreciate all of the assistance we received from Dennis, Tatiana and the entire WHEFA staff, who provided professional assistance from the very beginning inquiries to the final successful refinancing.”
– Eileen Jahnke, CFO and VP Finance
St. Norbert College
Bond financing facilitated by WHEFA was used to help St. Norbert College refinance bonds previously issued by WHEFA in 2008. This federally tax exempt financing process has enabled the borrower to operate more effectively by refinancing its capital expenses at a lower interest rate (initially 1.06%).
St. Norbert College is a Catholic, Norbertine, Liberal Arts College founded in 1898 and located on 111 acres in De Pere, WI. The college is a residential campus with more than 40 areas of study offered. Enrollment for fall 2014 consisted of 2,048 full-time and 64 part-time undergraduate students (2,069 full-time equivalent) and 57 part-time graduate students (14 full-time equivalents).
WHEFA is proud to have been able to assist St. Norbert College by reducing their overall debt service and allowing them to grow and compete by providing access to low cost private capital.