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HilltopSecurities Client Awarded The Bond Buyer’s Deal of the Year


DALLAS, December 21, 2021The Bond Buyer recently announced that HilltopSecurities’ public finance client, Miami-Dade County (Seaport Department) has been recognized with its 2021 Deal of the Year Award. Miami-Dade County’s offering for PortMiami won the national Deal of the Year and Southeast Region Deal of the Year.

The national Deal of the Year and Southeast Regional Deal of the Year award 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.

The financing team worked for over a year to develop the financing plan, credit structure, and rating strategy to accomplish PortMiami’s objectives. When the deal went to market, it was the largest U.S. port transaction since the COVID-19 pandemic began and marked Miami-Dade County’s largest bond deal ever completed.

The Bond Buyer selected its 2021 Deal of the Year finalists based on “creativity, the ability to pull a complex transaction together under challenging conditions, the ability to serve as a model for other financings, and the public purpose for which a deal’s proceeds were used,” according to the publication.

View a complete list of HilltopSecurities’ award-winning public finance deals.

About Hilltop Securities Inc.

Hilltop Securities Inc. delivers forthright advice and tailored solutions for municipal issuers, institutions, broker-dealers, and individuals. The full-service municipal investment bank and registered investment adviser is headquartered in Dallas, Texas, with offices across the United States. Areas of focus include public finance; municipal and taxable fixed income underwriting, sales, and trading; retail brokerage services; securities clearing; structured finance; and securities lending. A wholly owned subsidiary of Hilltop Holdings Inc. (NYSE: HTH), HilltopSecurities’ affiliates include Momentum Independent Network Inc., PlainsCapital Bank, and PrimeLending. Learn more at Member: NYSE/FINRA/SIPC.

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Hilltop Holdings Inc.
Ben Brooks

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