February 18, 2020
$13,095,000
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
Essentia Health
Essentia Health employs approximately
419 full-time equivalents in Wisconsin.
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.
