June 30, 2020
WHEFA Bond Financing Helps Marshfield Clinic Health System, Inc. Acquire and Refinance in Northern Wisconsin
Bonds Underwritten by Citigroup Global Markets Inc., Bank of America & J.P. Morgan
“Marshfield Clinic Health System has been enriching lives to create healthy communities though accessible, affordable, compassionate health care for over 100 years. Our partnership with WHEFA has provided access to low-cost, tax-exempt financing which funds projects that allow Marshfield to enrich lives and create healthy communities for the next 100 years and beyond.”
— Janette Townsend,
Director of Treasury and Chief Investment Officer
Marshfield Clinic Health System, Inc.
Bond financing facilitated by WHEFA was used to refinance certain bonds previously issued by WHEFA in 2017 and 2018. Proceeds will also be used to finance all or a portion of the acquisition of Ascension St. Clare’s Hospital, Inc., in Weston, Wisconsin. This federally tax-exempt financing process has enabled Marshfield Clinic Health System to operate more effectively by financing and refinancing its capital expenses at low interest rates (1.98-5.00%).
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.