$40,895,000 WHEFA bond financing helps The Monroe Clinic, Inc. refinance

“Working with WHEFA on our 2016 bond issue was a great experience.  The savings resulting from the issuance of tax exempt bonds through WHEFA will allow Monroe Clinic to continue to invest in the health of the communities we serve.  The staff at WHEFA make the process move smoothly.”

            — Jim Nemeth, CFO, The Monroe Clinic, Inc.

The Monroe Clinic, Inc. employs approximately 1,015 full-time equivalents in Wisconsin. 

Bond financing facilitated by WHEFA was used to help The Monroe Clinic, Inc. refinance bonds previously issued by Redevelopment Authority of the City of Monroe in 2009.  The net present value savings following the refinancing was approximately $10.8 million.  This tax-exempt financing process has enabled The Monroe Clinic, Inc. to operate more effectively by financing its capital expenses at lower interest rates (3.00-5.00%).

WHEFA is proud to have been able to assist The Monroe Clinic, Inc. by reducing their overall debt service and allowing them to grow and compete by providing access to low-cost private capital.

About WHEFA

For over 37 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 $24 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.