February 18, 2020
WHEFA Bond Financing Helps Essentia Health Refinance in Superior
Bonds Placed with Wells Fargo Municipal Capital Strategies, LLC
“We are grateful for our partnership with the Wisconsin Health & Educational Facilities Authority in the refunding of our bonds resulting in a reduction of annual interest expense. The benefit of cost reductions like this help to keep the overall cost of healthcare down for our patients and communities.”
– Traci J. Morris, Chief Financial Officer
Bond financing facilitated by WHEFA was used to help Essentia Health refinance bonds previously issued by WHEFA in 2008. This tax-exempt financing process has enabled Essentia Health to operate more effectively by refinancing its capital expenses at low interest rate (1.95%).
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.