Insights into NexBank Capital’s $54 million debt offering

NexBank Capital recently completed the private placement of a $54 million fixed floating rate subordinated notes to high net worth investors and institutions. The income generated from this offering will be utilized for the firm’s corporate needs. In the last couple of years, the company participated in significant transactions. From 2016, NexBank Capital has developed more than $200 million in equity and debt.

NexBank Capital’s plans its latest offering

These notes will remain non-redeemable for the next half a decade and are expected to have matured by the year 2027. NexBank Capital has structured the records to have a fixed interest rate of 6.375%. After five years, they will be put on a floating rate for three months according to the LIBOR of 458.5 points.

Additionally, they have been designated a BBB investment rating by the Kroll Bond Rating Agency. This offering was facilitated by Sandler O’Neill & Partners, L.P, an investment banking firm that pioneers in brokerage in the finance sector. According to NexBank Capital’s officials, the notes offered are not registered and will not be sold in the US according to the registration requirements.

About NexBank Capital

NexBank Capital is a private financial institution that pioneers in mortgage and commercial banking. The company is headquartered in Dallas, and apart of mortgage and commercial banking, it also offers institutional services.

These include corporate finance, mergers and acquisitions, customized programs, corporate finance, and syndicated loan servicing. Started in 1922, this company has grown to one of the most reputable companies in the United States. NexBank Capital has various across the United States including NexBank Securities Inc, NexBank Capital Advisors, and NexBank SSB.

NexBank is led by professional James Dondero who is the firm’s chairman. He is assisted by John Holt, the chief executive officer, Matt Siekielski, the chief operating officer and Rhett Miller, the chief credit officer among others. James Dondero, the current president of Highland Capital Management, is one of the founders of NexBank Capital.

This professional uses his three decades of professional experience to oversee the operations of the firm. Often, he is consulted on matters involving large transactions to provide insight into how to they should be handled.

James Dondero has for years built NexBank Capital using the knowledge he acquired while at the University of Virginia McIntire School of Commerce. With each passing day, this financial organization continues to top the charts of greatness in the finance world with the unmatched services it renders.

References:

  1. https://www.slideshare.net/jrotter/nexbank-capital-inc-quarterly-profile-june-2017
  2. https://www.manta.com/c/mtmp9xy/nexbank-ssb

 

Leave a Reply

Your email address will not be published. Required fields are marked *