The company behind Trump’s $175 million bond deal shares insights into its creation

Hankey Capital Underwrites Trump’s Bond: A Closer Look at the California-Based Specialty Insurance Company and Their Connection to the Former President

Knight Specialty Insurance, a California-based company that provides subprime auto loans to car buyers with weak credit scores, recently revealed to CNN that the deal to underwrite former President Donald Trump’s $175 million bond in New York happened quickly. Hankey, who has supported Trump’s presidential campaigns, reached out to the Trump Organization last month when Trump was having difficulty putting together a $464 million bond.

Initially, Trump planned to post a mix of investment-grade bonds and cash as collateral, but eventually decided to put up all cash. Knight Specialty Insurance approved the bonds, but they were not posted in the end. Hankey confirmed to CNN that he and his family have supported Trump’s presidential campaigns in the past and intend to do so again in 2024. While Hankey has not been contacted directly by the president, Eric Trump did reach out to thank him for the business.

This recent deal is not the first time that Hankey and Trump’s businesses have been connected. In 2022, Axos Bank, a California lender where Hankey is a leading shareholder, loaned Trump $100 million to refinance the mortgage on Trump Tower. Despite their previous business dealings, Hankey and Knight Specialty Insurance continue to support Trump and his endeavors.

Leave a Reply

Nottingham Forest Takes down Fulham 3-1 in Full-Time Result Previous post Nottingham Forest Feels More Confident About Premier League Survival After Fulham Win
Richard Childress Racing announces new crew chief personnel change Next post RCR Shuffles Crew Changes Ahead of Martinsville Speedway Showdown as Hendrick Motorsports Continues its Dominance in NASCAR’s premier series