HilltopSecurities’ Clients Wayne County and Michigan Finance Authority Win The Bond Buyer’s Midwest Region Deal of the Year
The Bond Buyer awarded HilltopSecurities’ clients Wayne County, Michigan, and the Michigan Finance Authority with the 2018 Midwest Region Deal of the Year.
HilltopSecurities Managing Directors Lee Donner and Jason Simmons and Director Ben McGuire served as financial advisors on the $288.6 million sale, which will partially fund a new $500 million criminal justice complex in Detroit.
The deal marked Wayne County’s first bond issuance in the public market since 2010. It also illustrated the county and region’s commitment to revive its infrastructure through:
- A creative, multi-faceted public-private and multi-jurisdictional solution for a long-standing challenge.
- An innovative new credit structure that ensured low-cost market access, which all Michigan counties can replicate.
- The establishment of a Michigan counties Distributable State Aid Intercept Program rated by Moody’s.
- Forging a strong partnership between Michigan and its local governments.
The Bond Buyer selected its 2018 Deal of the Year regional finalists for their ability to “represent the full diversity of the communities and public purposes that are served by the municipal finance market,” according to the publication.
Visit The Bond Buyer for more information on the deal.
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About Hilltop Securities Inc.
Hilltop Securities Inc., a member of NYSE, FINRA and SIPC, delivers forthright advice and tailored solutions to municipal issuers, institutions, broker-dealers and individuals. The financial services firm 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; equity and portfolio trading; retail brokerage services; securities clearing; structured finance; and securities lending. A wholly owned subsidiary of Hilltop Holdings Inc. (NYSE: HTH), HilltopSecurities’ affiliates include Hilltop Securities Independent Network Inc., PlainsCapital Bank, PrimeLending and National Lloyds Corporation.