June 29, 2020
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
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.