October 23, 2019
WHEFA Bond Financing Helps Ascension Refinance in Milwaukee
Bonds Underwritten by Morgan Stanley, J.P. Morgan Securities and Bank of America Merrill Lynch
“Ascension is extremely pleased with the outcome of the financing. The Authority’s efficient process ensured we stayed on track to secure tax-exempt financing at interest rates that will benefit our ministry for years to come.”
– Elizabeth Foshage,
Executive Vice President and Chief Financial Officer
Bond financing facilitated by WHEFA was used to help Ascension refinance bonds previously issued by WHEFA in 2010. This tax-exempt financing process has enabled Ascension to operate more effectively by refinancing its capital expenses at a low interest rate (all-in true interest cost of 1.56%).
WHEFA is proud to continue its mission of assisting all eligible Wisconsin non-profit institutions to obtain and maintain access to tax-exempt financing in order to finance or refinance their capital improvement and expansion needs.