Advocate Aurora Health Care plans to consolidate and refinance $950 million in Aurora Health Care debt for its Wisconsin properties.
The bonds will be refinanced through the Wisconsin Health and Educational Facilities Authority (WHEFA), which scheduled a July 31 public hearing on issuing the bonds, according to a public notice.
Presumably, Aurora Advocate Health will save money on interest costs as a result of the refinancing but the final rates won’t be determined until the transaction proceeds.
“We think if we can refinance our debt, we’ll obviously bring some savings and we want to take full advantage of the ability to save or reduce costs,” Advocate Aurora Health co-CEO Jim Skogsbergh said in a June interview with the Milwaukee Business Journal. Read the full story here.