$85,000,000 WHEFA bond financing helps UnityPoint Health refinance in the Madison area
“UnityPoint Health is again happy to partner with WHEFA for our Wisconsin financing needs. The staff and Board work very hard to ensure a smooth and timely transaction process which helps us meet our financing needs in order to allow us to focus on the most important aspect of what we do, provide the best patient care possible in our efforts to achieve our vision of “Best outcome for every patient every time”.”
– Matthew Kirschner, Vice President, Treasury, UnityPoint Health
UnityPoint Health employs 31,000 people system-wide, and approximately 3,000 people in Wisconsin.
Bond financing facilitated by WHEFA was used to help refinance bonds previously issued by WHEFA in 2014. This federally tax exempt financing process has enabled the borrower to operate more effectively by refinancing its capital expenses at a lower interest rate (initially 0.86-1.05%).
WHEFA is proud to have been able to assist UnityPoint Health by reducing their overall debt service and allowing them to grow and compete by providing access to low cost private capital.
For more information visit our website at www.whefa.com or please contact:
Dennis Reilly | Executive Director
p: 262.792.0466 | e: info@whefa.com
About WHEFA
For over 36 years, WHEFA has been quietly fulfilling its mission of assisting Wisconsin’s non-profit institutions to obtain access to low-cost capital in order to finance or refinance their building and equipment improvements and expansion needs. During this time, WHEFA has issued over $22 billion of federally tax-exempt bonds to provide several hundred Wisconsin non-profit corporations access to private and public capital markets at lower costs than are available to them in the conventional marketplace.
Pursuant to Section 231.10 of the Wisconsin Statutes, bonds issued by WHEFA are not considered indebtedness of the State of Wisconsin, and the State has no obligation to repay any bonds issued by WHEFA under any circumstances. Additionally, WHEFA does not utilize any State moneys to fund its operations.
www.whefa.com |18000 West Sarah Lane, Suite 300, Brookfield, WI 53045 | 262.792.0466
