June 29, 2020
$39,808,745.28
WHEFA Bond Financing Helps Aspirus, Inc.
to refinance in Portage
Bonds Placed with JPMorgan Chase Bank N.A.
“Divine Savior Healthcare, now Aspirus Divine Savior Hospital & Clinics, experienced another successful financing through WHEFA. This financing provides low cost tax-exempt funds that are necessary for our debt management efforts of keeping our financing costs as efficient as possible. Having access to this tax-exempt financing provides another element of expense reduction which allows Aspirus Divine Savior to continue its mission of providing healthcare services to its surrounding communities. WHEFA provides a critical solution to financing projects with tax-exempt bonds, and as I approach the end of my 29+ year career at Aspirus Divine Savior I want to acknowledge WHEFA and their staff for the expertise and professionalism they have provided over the years. It is truly appreciated!”
– Pete Nelson, VP of Finance
Aspirus Divine Savior Hospital & Clinics
Aspirus, Inc., employs approximately
6,300 full-time equivalents in Wisconsin.
Bond financing facilitated by WHEFA was used to refinance bonds previously issued by WHEFA in 2016 and 2019 on behalf Divine Savior Healthcare, Inc. This federally tax-exempt financing process has enabled Divine Savior Healthcare, Inc. to operate more effectively by refinancing its capital expenses at a low interest rate (initially 1.75%).
WHEFA is proud to continue its mission of assisting all eligible Wisconsin nonprofit institutions to obtain and maintain access to tax-exempt financing in order to finance or refinance their capital improvement and expansion needs.
