WinnMed Board Meeting Minutes 2026-05-06
$35 Million USDA Loan Approved for Hospital Bonds
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Description
WinnMed Board approved a $35 million loan agreement with the USDA to issue Taxable Hospital Revenue Bonds (Series 2026), subject to key financial covenants and reserve requirements. The funding will be disbursed in four bonds.
Contract Details
Contract Amount
$35 million
Vendor
USDA
Agency
Winnmed, IA
Contract Type
FINANCIAL_SERVICES
Document Date
May 6, 2026
Contract Term
Series 2026 Bonds; debt service reserve funded over 10 years
Renewal Info
Debt service reserve is funded over 10 years. No reference to contract renewal or auto-renewal; this is a term loan with bond maturity details governed by the Series 2026 agreements.
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