debt
confidence high
sentiment neutral
materiality 0.55
Hilltop Securities launches $300M senior secured commercial paper program
Hilltop Holdings Inc.
- Series 2024-1 CP Notes up to $300M, sold at discount, maturities 14 to 270 days, secured by pledged collateral.
- Net proceeds used for general corporate purposes, including working capital.
- After initial issuance, $175M of Series 2019-1 CP Notes and $34M of Series 2019-2 CP Notes remain outstanding.
- $25M of Series 2024-1 CP Notes outstanding at inception; no further Series 2019-1 issuance planned.
- Each series is secured by separate collateral and is not cross-collateralized.