Preston Hollow Community Capital Receives KBRA K2 Rating on Inaugural Issuance of Secured Commercial Paper Notes

DALLAS–(BUSINESS WIRE)–Preston Hollow Community Capital (“PHCC” or the “Company“) announced today a K2 rating from Kroll Bond Rating Agency (KBRA) on the Company’s up to $200 million Secured Commercial Paper Notes Series 2022 (“CP Notes”). The rating includes an initial $39 million CP Notes issued by PHCC, a wholly owned subsidiary of Preston Hollow Capital, LLC, founded in 2014 with headquarters in Dallas, Texas. The assigned rating Outlook is Stable.

“The KBRA rating reflects the strength of our portfolio of social impact finance investments,” said Chairman and CEO Jim Thompson. “It is a testament to our lending team’s effectiveness and commitment to managing risk in our underwriting process. This rating will expand our access to additional capital sources, helping to fund our growth as a market leader in financing projects of social and economic significance to local communities.”

Additional details of the rating are available in KBRA’s press release and rating report.

COMPANY OVERVIEW

Preston Hollow Community Capital is a market leader in providing specialized impact finance solutions for projects of significant social and economic importance to local communities in the United States. The Company invests in bespoke municipal finance transactions with a diversified investment portfolio. PHCC has invested $4 billion since its inception across various sectors of the municipal bond market, including real estate, K-12 and higher education, healthcare, infrastructure, hospitality, general government, and economic development.

Since its inception, Preston Hollow has raised $1.3 billion in committed, permanent equity capital from premier sponsors like Stone Point Capital and HarbourVest Partners. The Company has received long-term BBB (Stable) and short K2 (Stable) ratings from Kroll Bond Rating Agency.

Contacts

Mr. Max Pickle

Preston Hollow Community Capital

214.389.0813

mpickle@phccap.com