Another Successful Private Activity Bond Financing
Another Successful Private Activity Bond Financing
$134,440,000 WHEFA Bond Financing Helps Froedtert Health Refinance in Milwaukee, Menomonee Falls, New Berlin and West Bend
Bonds Placed with Morgan Stanley
“Tax-exempt financing is one of the cornerstones of Froedtert Health’s capital strategy and provides cost-efficient access to capital for enterprise growth and delivery of health care services in our communities. We’re thankful for the support of WHEFA and its team.”
– Scott Hawig, Executive Vice President – Chief Financial and Administrative Officer, Froedtert Health
Froedtert employs 11,575 full-time equivalents in Wisconsin
Bond financing facilitated by WHEFA was used to help Froedtert Health refinance bonds previously issued by WHEFA in 2012. This tax-exempt financing process has enabled Froedtert Health to operate more effectively by financing its capital expenses at a low interest rate.
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 their capital improvement and expansion needs.
About WHEFA
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.
