Wisconsin Selling $414M of Revenue Bonds for Hospital Sisters Services

Dow Jones
Jul 19, 2025

By Chris Wack

 

The Wisconsin Health and Educational Facilities Authority is offering $414 million of revenue bonds on behalf of Hospital Sisters Services, which will use the money to pay for capital projects and equipment.

The Series 2025 A revenue bonds are backed by payments from Hospital Sisters Services, a not-for-profit corporation that operates 13 hospitals and more that 210 clinics in Wisconsin and Illinois, according to a preliminary official statement posted Thursday on MuniOS.

Money from the sale will be used to pay for a portion of the costs associated with the construction and equipping of a new bed tower and additional procedural rooms at St. Mary's Hospital Medical Center in Green Bay, Wis. Proceeds will also be used for the costs associated with buying, constructing, remodeling and equipping certain facilities, along with refunding some outstanding debt.

Interest payments will be made on a semiannual basis beginning Feb. 15, and the debt will mature from 2028 through 2045.

The securities are backed by payments from revenue earned and collected by Hospital Sisters Services. The bonds are limited obligations of the authority, and are not a debt or liability of the state of Wisconsin.

S&P Global Ratings and Fitch Ratings both assigned the securities a rating of A+.

BofA Securities and Morgan Stanley are lead managers on the sale.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

July 18, 2025 14:00 ET (18:00 GMT)

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