HilltopSecurities’ client, Dallas Fort Worth International Airport (DFW) and its owner cities, Dallas and Fort Worth, earned The Bond Buyer’s 2024 Southwest Region Deal of the Year. HilltopSecurities served as co-financial advisor on the deal, which included the creation of a $600 million extendable commercial paper (ECP) program for interim financing. This marked the first time an airport utilized ECP.

The Bond Buyer’s National Deal of the Year and Southeast Regional Deal of the Year awards recognized Miami-Dade County’s Seaport Revenue Refunding Bonds Series 2021A and Seaport Subordinate Revenue Refunding Bonds Series 2021B. HilltopSecurities served as financial advisor for the $1.24 billion issuance, which provided financing designed to accomplish restructuring objectives and to contend with lost cruise revenues related to COVID-19.

HilltopSecurities served as financial advisor on the $236.8 million Arizona Industrial Development Authority financing for Nebraska’s Lincoln South Beltway project on behalf of Hawkins Construction, which won The Bond Buyer’s Public-Private Partnership Deal of the Year. The first-of-its-kind transportation project utilized an innovative contractor-led build finance structure to deliver the largest single-contract project in the history of the Nebraska Department of Transportation.

Southwest Regional Deal of the Year recognized DFW Airport’s Joint Revenue Refunding Bonds, tax-exempt Series 2020A, 2020B, and taxable Series 2020C. HilltopSecurities served as co-financial advisor for the $2.05 billion issuance, which provided the Airport over $600 million in debt service savings through refinancing and provided financing for the construction of four new terminal gates, a new Integrated Operations Center, and several airfield projects.

Innovative Financing Deal of the Year Award for serving as co-financial advisor to DFW International airport on its $1.2 billion issuance of taxable bonds to refund outstanding Alternative Minimum Tax obligations (The Bond Buyer, December 2019).

Midwest Deal of the Year Award for serving as financial advisor to Wayne County, Michigan, on its $288.6 million sale to fund a new criminal justice complex (The Bond Buyer, December 2018).

Southwestern Regional Deal of the Year Award for serving as financial advisor to the Fort Worth Transportation Authority on its $325 million private placement to fund a commuter rail line (The Bond Buyer, December 2017).

Non-Traditional Financing Deal of the Year Award for serving as financial advisor to the City of Cambridge, Mass., on its $2 million issuance of minibonds to fund citywide municipal and school projects (The Bond Buyer, December 2017).

Southwest Region Deal of the Year Award for financial advisor to the initial $810 million of the 50-year, $27 billion Texas Water Development Board’s SWIFT program (The Bond Buyer).

Small Issuer Deal of the Year Award for financial advisor to the Northwest Dallas County Flood Control District’s $15.7 million sale of unlimited tax refunding bonds to restructure a compounding obligation created through a 1992 Chapter 9 bankruptcy. The new bonds lifted a tax-rate cap imposed by the 1992 bankruptcy judgment, allowing the District to obtain an investment grade rating and resolve an accrued and unpaid interest liability (The Bond Buyer).

Southwest Region Deal of the Year Award for financial advisor to the North Texas Tollway Authority for its strategic refinancings of more than $2 billion, lowering its maximum annual debt service to a level that brought multiple credit rating upgrades (The Bond Buyer).

Non-Traditional Financing Deal of the Year Award for Financial Advisor to the State of Hawaii Department of Business, Economic Development, and Tourism for its $150 million financing to support the new Green Energy Market Securitization (GEMS) program (The Bond Buyer).

Southwest Region Deal of the Year Award for financial advisor to the Colorado Regional Transportation District for its $441 million certificates of participation, preserving voter authorized debt capacity (The Bond Buyer).

Deal of the Year Award for Financial Advisor to the State of Hawaii Department of Business, Economic Development, and Tourism for its $150 million financing to support the new Green Energy Market Securitization (GEMS) program (International Financing Review).

Southwest Region Deal of the Year Award for Financial Advisor to Dallas-Fort Worth International Airport for its $2.73 billion of new money and refunding financings for the airport’s Terminal Renewal and Improvement Program (The Bond Buyer).

National Deal of the Year Award for Financial Advisor to the Michigan Finance Authority for its $2.9 billion unemployment insurance deal (The Bond Buyer).

Southwest Region Financial Advisor to the Love Field Modernization Corporation for its $310 million special facilities revenue bonds (The Bond Buyer).

Southeast Region Financial Advisor to the Atlanta Department of Aviation for its $1.5 billion new money and refunding deal (The Bond Buyer).

Regional Title Co-Managing Underwriter to The La Vernia Higher Education Finance Corp. for the Kipp Academy’s $66.17 million education revenue bonds (The Bond Buyer).

Regional Title Financial Advisor to The Dallas County Hospital District for its $705 million deal to renovate Parkland Memorial Hospital (The Bond Buyer).

Far West Region Deal of the Year for Underwriter to Chawanakee Unified School District (The Bond Buyer).

Far West Region Deal of the Year for Underwriter to Yuba Levee Financing Authority (The Bond Buyer).

Regional Title Financial Advisor to the Camino Real Regional Mobility Authority (The Bond Buyer).

Small Issuer Financial Advisor to the Town of Clayton, New Mexico (The Bond Buyer).

Southwest Region Financial Advisor to the Central Texas Regional Mobility Authority (The Bond Buyer).

Runner-Up Financial and Swap Advisor to New Mexico Finance Authority – State Department of Transportation (The Bond Buyer).

Regional Title Financial Advisor to Dallas/Fort Worth International Airport (The Bond Buyer).

Financial and Swap Advisor to Orlando-Orange County Expressway (The Bond Buyer).

Swap Advisor to the City of Fort Worth (The Bond Buyer).

Financial and Swap Advisor to the City of Lewisville, Texas (Institutional Investor).

Financial and Swap Advisor to the Dallas/Fort Worth Regional Airport (Institutional Investor)

*As of December 31, 2019. Ipreo MuniAnalytics®