$99,550,000 WHEFA Bond Financing Helps Gundersen Health System Refinance in Western Wisconsin
Wisconsin Health & Educational Facilities Authority – Another Successful Private Activity Bond Financing
Bonds underwritten by Bank of America Merrill Lynch & Citigroup Global Markets Inc
“Tax-exempt financing enables Gundersen to execute our vision of improving the health of our communities, easing the financial burden of healthcare and offering an outstanding experience of care.”
– Jerry Oetzel, Chief Financial Officer Gundersen Health System
Gundersen Health System employs nearly 7,900 full-time equivalents in Wisconsin.
Bond financing facilitated by WHEFA was used to help Gundersen refinance certain bonds previously issued by WHEFA in 2011. This federally tax-exempt financing process has enabled Gundersen to operate more effectively by refinancing its capital expenses at low interest rates.
WHEFA is proud to continue its mission of assisting all eligible Wisconsin nonprofit institutions to obtain and maintain access to tax-exempt financing in order to finance or refinance their capital improvement and expansion needs.
Since inception, WHEFA has provided 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.