"Billionaire Don Hankey's Role in Financing Trump's $175 Million Bond Revealed"

1 min read
Source: Yahoo Finance
"Billionaire Don Hankey's Role in Financing Trump's $175 Million Bond Revealed"
Photo: Yahoo Finance
TL;DR

Don Hankey, chairman of Knight Specialty Insurance, revealed that his firm quickly put together the deal to underwrite Donald Trump’s $175 million bond in New York, with Trump posting all cash as collateral. Hankey, a supporter of Trump's presidential campaigns, stated that his firm would have done it for anyone else and confirmed donations to Trump's campaigns. This isn't the first time Hankey and Trump's businesses were connected, as in 2022, Axos Bank, where Hankey is a leading shareholder, loaned Trump $100 million to refinance the mortgage on Trump Tower.

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