November 10, 2021
WHEFA Bond Financing Helps Aspirus, Inc. Acquire and Construct in Northern Wisconsin
Bonds Underwritten by Barclays Capital and J.P. Morgan
“Aspirus strives to improve the health of the communities we serve. With the tax-exempt financing facilitated by WHEFA, Aspirus is creating greater access to care for patients in rural communities. In addition, to meet the changing needs of our communities, the financing will be used in modernizing and enhancing our facilities to support a patient care model that lowers overall costs and improves the quality of care.”
– Sid Sczygelski, Sr. Vice President / CFO
Bond financing facilitated by WHEFA was used to help Aspirus refinance a portion of an interim loan used for the acquisition of certain health care and related facilities, and to finance costs for the construction, renovation, remodeling and equipping of certain other health care and related facilities. This federally tax-exempt financing process has enabled Aspirus to operate more effectively by financing its capital expenses at low interest rates.
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.