WHEFA

WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY
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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.

Closed Projects

  • Children’s Wisconsin
  • Trinity Woods
  • Morrow Memorial Home
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