Market Watch: Preston Hollow Capital Completes $48.9 Million Infrastructure Financing Transaction

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DALLAS, Nov 05, 2014 (BUSINESS WIRE) — Preston Hollow Capital, a diversified merchant bank, announced today that it has completed a $48.9 million financing for the Cibolo Canyons Special Improvement District. This bond funding transaction will provide reimbursement of infrastructure expense to Forestar Group Inc., the developer of Cibolo Canyons, a 2,100-acre mixed-use, master-planned community near San Antonio. This announcement was made today by Jim Thompson, the Chairman and CEO of Preston Hollow Capital. Thompson launched Preston Hollow Capital in January 2014 after serving for many years as President and CEO of ORIX USA Corporation, a non-bank financial conglomerate and U.S. subsidiary of the Tokyo-based ORIX Corporation IX, -0.09%

“By closing on this transaction in two weeks from start to finish, the finance team at Preston Hollow Capital demonstrated our firm’s capabilities as a financing solution provider that can execute quickly and close with certainty,” said Thompson. “We have ready capital for more transactions of this type and are actively seeking additional opportunities.

“Preston Hollow Capital is pleased to invest in the future of the Cibolo Canyons, one of the most exciting developments in Texas,” said Thompson. “Continued development prospects for Cibolo Canyons are very promising as it is the site of the JW Marriott San Antonio Hill Country Resort and Spa and is home to two PGA Tour Tournament Players Club (TPC) golf courses designed by architects Pete Dye and Greg Norman.”

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The Cibolo Canyons Special Improvement District revenue bonds were underwritten by Stifel Nicolaus & Company. First Southwest Company acted as the financial advisor for the District.

About Preston Hollow Capital and Jim Thompson

Preston Hollow Capital (“PHC”) is a diversified merchant bank launched in January 2014 by Jim Thompson, the former longtime President and Chief Executive Officer of ORIX USA. The PHC team, comprised of former ORIX USA senior executives and employees, seeks to produce superior risk-adjusted returns across a broad spectrum of investment strategies. Mr. Thompson, along with his wife Angela, supports Dallas-area non-profits through the Jim & Angela Thompson Foundation, and STEM education initiatives through the Blue Sky Educational Foundation. He is a board member of the Dallas Urban Debate Alliance, and is a former board member of Dallas CASA, Angel Flight South Central and the AOPA Foundation.

Contact Preston Hollow Capital at www.phcllc.com or 214-389-0800.

SOURCE: Preston Hollow Capital

C. Pharr & Company for PHC
Krystal Morris, 972-931-7576 ext. 355
Krystal@pharrpr.com

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