Leading Bank Secures Total Issuance of $155 Million
NexBank Capital Inc is a Dallas-based financial services company that has completed the placement of their senior secured notes. The company managed to raise about 80 million, reaching the total amount of issuance to $155 million. The maturity of the notes will be on March 16, 2016, and will be callable from March 15, 2021. For the first five years, the interest will be at a fixed rate of 5.50%, and after that, they would be based on the floating rate. The company will be using the proceedings to repay some debts and for different corporate needs.
NexBank Capital Inc had recently announced a record of their consolidated earnings, loans, deposits and assets. The company saw a record growth rate of 71% from the initial year as of December 31, 2016, on its assets. The total deposits saw an increase of 72% from the last year. The company expects the funds to provide the required capital that they need to help in their growth and to find new strategic opportunities for the future.
According to their Executive Vice President and Chief Operating Officer, Matt Siekielski, the company has made a significant growth in the last years and continued to attract capital from their investors that prove their core businesses and the various strategies that they use for this growth.
NexBank Capital Inc was set up in 1922 and offers financial and banking products and services to their customers based out of different parts oft he country. The company has an excellent management team who are ready to provide their clients with customized financial and banking services. Their clients range from institutional clients to corporations and individuals as well.
For NexBank Capital Inc, being a leader in the sector is something that they take pride in. The company aims to offer value to their customers at every step of the way to ensure that their customers are satisfied with the results. Since 1922, the company is providing high-quality solutions to meet the needs of their sophisticated clients. The company is led by the successful Chairman James Dondero who is the co-founder and the President of Highland Capital Management, L.P.