October 29, 2020
$121,405,000
WHEFA Bond Financing Helps Children’s Hospital of Wisconsin, Inc.
Expand and Renovate in Milwaukee
Bonds Underwritten by J.P. Morgan Securities LLC
“Children’s Wisconsin relies on tax-exempt financing to access capital for mission-critical projects. Without this low-cost debt, we would be unable to continue to provide the best and safest care to the children and families we serve.”
– Marc Cadieux, Chief Financial Officer
Children’s Hospital of Wisconsin, Inc.
Up to 225 construction jobs will be created. 84 total jobs will be retained with an annual payroll of over $6.1 million.
Children’s Hospital of Wisconsin employs approximately
4,571 full-time equivalents in Wisconsin.
Bond financing facilitated by WHEFA will be used to help Children’s Hospital of Wisconsin, Inc. finance, in part, the construction and equipping of a 55,000 square foot first floor addition to the front of Children’s Hospital – Milwaukee’s campus for Emergency Diagnostic Trauma Center (“EDTC”) (with sufficient structural foundation to support future vertical expansion) (the “EDTC Expansion”). The EDTC Expansion will house emergency as well as other diagnostic testing capabilities. In addition to the EDTC Expansion, the project includes the renovation of existing ambulatory and EDTC spaces. This federally tax-exempt financing process has enabled the hospital 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.
