Preston Hollow Capital Finances Capital Improvements and Debt Restructure for Colorado Metropolitan District

DALLAS–(BUSINESS WIRE)–Preston Hollow Capital, an independent specialty finance company, announced today that it has completed a $23 million bond financing with the Todd Creek Village Metropolitan District and its Water Activity Enterprise. The District provides water and wastewater to a service area covering approximately 12,500 acres in the northeast Denver area in Adams County, Colorado. Bond proceeds were used to restructure existing District obligations and fund important capital improvements to the District’s water and wastewater facilities.

“This complex transaction required a concerted team effort to get through the underwriting and documentation process to close in a very short period of time”

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“This complex transaction required a concerted team effort to get through the underwriting and documentation process to close in a very short period of time,” said George Hanlon, Chairman of the District’s Board of Directors. “I was impressed with my capital partner, Preston Hollow Capital, who understood water and sewer utility operations and were quick studies when it came to understanding Todd Creek’s unique set of facts and its refinancing needs. That enabled us to get the deal closed efficiently and timely.”

“We’re pleased to have helped the District find a solution to its infrastructure indebtedness challenge and to facilitate the enhancement of Todd Creek Village’s water and wastewater systems,” said Ramiro Albarran, managing director of Preston Hollow Capital. Launched in January 2014 by former leaders of ORIX USA CorporationPreston Hollow Capital is an independent specialty finance company that serves as a solution provider in municipal finance. “We offer flexibility, speed of execution, and certainty in a competitive marketplace. Preston Hollow is experienced in bond restructurings, real estate developments and special district financings. This transaction is a great example of Preston Hollow Capital’s creativity and differentiation as a capital provider for municipalities and special districts.”

About Preston Hollow Capital

Preston Hollow Capital is an independent specialty finance company launched in January 2014 by Jim Thompson, the former longtime President and Chief Executive Officer of ORIX USA Corporation. PHC is a solution provider in municipal finance, and seeks to produce superior risk-adjusted returns across a broad spectrum of investment strategies. PHC differentiates itself with its ability to deliver capital with speed, certainty and flexibility.

www.phcllc.com

Contacts

Preston Hollow Capital
Greg May, 214-389-0835
gmay@phcllc.com