$15,000,000 WHEFA Bond Financing to Help Reedsburg Area Medical Center Refinance
Bond financing facilitated by WHEFA will help Reedsburg Area Medical Center (“RAMC”) refinance bonds previously issued by WHEFA in 2010. This federally tax exempt financing process has enabled the borrower to operate more effectively by financing its capital expenses at a lower interest rate (initially 2.56%).
Reedsburg Area Medical Center owns and operates a critical access hospital located in Reedsburg, Wisconsin, which provides primary and acute care services on both an inpatient and outpatient basis. RAMC operates 25 acute care beds and 17 day care surgery beds. RAMC is affiliated with Reedsburg Area Senior Life Center, Inc., a separate nonprofit Section 501(c)(3) organization that operates a 50-bed skilled nursing facility and a 24-bed residential care apartment complex on the RAMC campus.
WHEFA is proud to have been able to assist Reedsburg Area Medical Center by reducing its overall debt service and allowing it 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 34 years WHEFA has been quietly fulfilling its mission of assisting Wisconsin’s nonprofit institutions to obtain access to low-cost capital in order to finance their building and equipment improvement and expansion needs. During this time, WHEFA has issued over $19 billion of federally tax-exempt bonds to provide several hundred Wisconsin nonprofit 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
