DALLAS, December 6, 2024 – The Bond Buyer recently announced that Hilltop Securities Inc. (HilltopSecurities) public finance client, the Dallas Fort Worth International Airport (DFW) and its owner cities, Dallas and Fort Worth, were recognized as the winner of the 2024 Southwest Region Deal of the Year. HilltopSecurities served as co-financial advisor on the deal along with Estrada-Hinojosa.

The deal included the creation of a $600 million extendable commercial paper (ECP) program for interim financing, marking the first time an airport utilized the product. The deal also included $723 million in permanent financing.

“This deal is very deserving of the Deal of the Year recognition, and we are proud to have had the opportunity to work with DFW Airport on this innovative financing,” said Mike Bartolotta, HilltopSecurities’ Co-Head of Public Finance.

The financing provides initial funding for DFW’s capital program, which includes the tear-down and reconstruction of Terminal C, two new piers that add nine gates, and construction of a new 15-gate Terminal F and a new electric central utility plant allowing the airport to achieve a net zero carbon footprint.

The Southwest Deal of the Year award recognized the unique nature of the financing, noting that the deal generated “notable cost savings by bypassing traditional bank fees and offering interim funding for (DFW Airport’s) $8.6 billion capital plan.”

This is the 23^rd year The Bond Buyer has recognized outstanding achievement in public finance with its annual Deal of the Year awards and the third time since 2019 that DFW has been recognized by The Bond Buyer. According to The Bond Buyer, the publication’s editorial board considers multiple factors when judging entries, including “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.”

About Hilltop Securities Inc.
HilltopSecurities is a full-service municipal investment bank and wealth advisory firm providing a full suite of financial services for public entities, institutional investors, housing finance agencies, broker-dealers, and individual investors. Founded in 1946, its primary areas of focus include public finance, capital markets, structured finance, retail brokerage, clearing services, and securities lending. Hilltop Securities Inc.’s goal is to build long-term relationships to help communities, businesses, and individuals thrive. A wholly owned subsidiary of Hilltop Holdings Inc. (NYSE: HTH), HilltopSecurities’ affiliates include Momentum Independent Network, HilltopSecurities Asset Management, HilltopSecurities Insurance, PlainsCapital Bank, and PrimeLending. Learn more at HilltopSecurities.com. Member: NYSE/FINRA/SIPC.

CONTACT:
Hilltop Holdings Inc.
Ben Brooks
214.252.4047
ben.brooks@hilltop.com