Hilltop Holdings Inc (HTH)

[Enterprising Investor]

Hilltop Holdings Inc. Announces Senior Notes Offering (4/06/15)

DALLAS--(BUSINESS WIRE)--Hilltop Holdings Inc. (NYSE: HTH) (“Hilltop”) today announced that it is offering $125 million aggregate principal amount of its senior notes due 2025. The senior notes are being offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to persons outside the United States under Regulation S of the Securities Act. The pricing and terms are to be determined. Subject to necessary approvals, Hilltop intends to use the net proceeds of the offering to redeem all of Hilltop’s outstanding Non-Cumulative Perpetual Preferred Stock, Series B at an aggregate liquidation value of $114.1 million, plus accrued but unpaid dividends, and the remainder for general corporate purposes. Pending the intended application of the net proceeds, they may be invested temporarily in short-term, interest bearing obligations. In the event that the necessary approvals are not received, the proceeds will be used for general corporate purposes.

The senior notes will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

This press release shall not constitute an offer to sell, or a solicitation of an offer to purchase, these securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

http://www.businesswire.com/news/home/20150406005205/en/Hilltop-Holdings-Announces-Senior-Notes-Offering#.VSKAMoktGUk