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Hilltop announces $125 million 10-year senior notes offering
By Paul A. Harris
Portland, Ore., April 6 – Hilltop Holdings Inc. announced in a Monday press release that it plans to sell $125 million of 10-year senior notes via Rule 144A and Regulation S.
Proceeds will be used to redeem all of the company’s non-cumulative perpetual preferred stock, series B, at a liquidation value of $114.1 million and for general corporate purposes.
The prospective issuer is a Dallas-based diversified financial holding company specializing in banking, mortgage origination, financial counseling and insurance.
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