Another successful private activity bond financing

$23,665,000 WHEFA Bond Financing Helps Divine Savior Healthcare, Inc. Refinance in Portage

Bonds Placed with US Bank National Association 

“Another successful financing through WHEFA provided low cost tax-exempt funds that we used as a necessary tool for our debt financing management. Divine Savior Healthcare needs access to the low-cost tax-exempt financing to continue its mission of providing healthcare services to its surrounding communities.  WHEFA provides an efficient way to finance projects with tax-exempt bonds and as with our previous issues, we truly appreciate the expertise and professionalism of the WHEFA staff”

 — Pete Nelson, VP of Finance, Divine Savior Healthcare, Inc. 

Divine Savior Healthcare, Inc. employs approximately 743 full-time equivalents in Wisconsin. 

743 Full-Time Equivalents in Wisconsin

Bond financing facilitated by WHEFA was used to help Divine Savior Healthcare, Inc. refinance bonds previously issued by WHEFA in 2009, 2012 and 2014.  This federally tax-exempt financing process has enabled Divine Savior Healthcare to operate more effectively by refinancing its capital expenses at a low interest rate (initially 3.03%).

WHEFA is proud to continue its mission of assisting all eligible Wisconsin non-profit institutions to obtain and maintain access to tax-exempt financing in order to finance or refinance their capital improvement and expansion needs.

About WHEFA

Since inception, WHEFA has provided 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.