$40,000,000 WHEFA bond financing helps Gundersen Lutheran Administrative Services, Inc. refinance in La Crosse
“WHEFA was again instrumental in helping Gundersen with its tax exempt financing needs. In our current refinancing, Gundersen was able to secure a longer term commitment at a lower interest rate. This type of financing facility allows Gundersen to provide a more financially secure environment, at lower costs for our patients.” -Don Brueggen, Director, Treasury Gundersen Health System, Inc.
Gundersen Health System, Inc. employs approximately 4,700 full-time equivalents in Wisconsin.
Bond financing facilitated by WHEFA was used to help Gundersen Lutheran Administrative Services, Inc. refinance bonds previously issued by WHEFA in 2011. This federally tax-exempt financing process has enabled Gundersen Lutheran Administrative Services, Inc. to operate more effectively by financing its capital expenses at a lower interest rate (initially 0.995%).
WHEFA is proud to have been able to assist Gundersen Lutheran Administrative Services, Inc. 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.
