August 18, 2016
WHEFA Bond Financing Helps Valley Packaging Industries, Inc. Refinance, Repair and Replace in Appleton
“The mission of Valley Packaging Industries, Inc. is to promote the dignity and worth of individuals who have disabilities or are disadvantaged and to assist them in developing their optimum level of social, vocational and economic independence in the community. Tax-exempt financing affords Valley Packaging Industries, Inc. access to low cost financing to help minimize operating overhead and support the growth and mission of the organization.”
– John R. Hall,
Chief Financial Officer
Valley Packaging Industries, Inc.
Bond financing facilitated by WHEFA was used to help Valley Packaging Industries refinance bonds previously issued by WHEFA in 2005. Proceeds of the bond financing will also finance the repair and replacement of parking and driveway facilities at certain of its locations in Appleton, Wisconsin. This federally tax exempt financing process has enabled Valley Packaging to operate more effectively by financing its capital expenses at a lower interest rate (initially 2.86%).
WHEFA is proud to have been able to assist Valley Packaging Industries by reducing their overall debt service and allowing them to grow and compete by providing access to low cost private capital.