Nexbank Capital Inc. Completes Placement of Its Subordinated Notes

Nexbank is a financial services firm that is based in Dallas, Texas. It serves diverse clients, supporting their goals and providing solutions that ensure that their needs are met. It was able to finish a multi-million dollar ($54) placement of subordinated notes to various investors in 2017.

The revenue generated from the closing was to be used to achieve the firm’s goals

Nexbank Capital, Inc. subordinated notes

The offering of the notes, which closed in September 2017, was solely overseen by Sandler O’Neill & Partners. They are irredeemable for the next five years and come with a fixed interest rate of 6.375%. Due to lack of registration under the Securities Act, it is illegal for them to be sold or offered in any state in the United States. This is unless they are registered or are excluded from the Securities Act’s registration requirements.

The company that was started in 1934 has achieved a lot over the years. It has been ranked as the 11th largest financial institution in Texas. It has more than eighty employees and has expanded to three locations. It specializes in three core areas namely commercial, mortgage banking and institutional services.

Commercial banking

The company helps its clients to access funding, enabling them to run their business operations successfully. It also works together with real estate developers to finance construction projects and exploit business opportunities. Their aim is to promote growth, maximize profits and improve efficiency.

Mortgage Banking

Nexbank provides new or extra warehouse lines so that their customers can better close their loans. Their team of professionals provides customized solutions to meet the individual wants of their clients. If you are a mortgage professional who needs any financial assistance or advice, it’s a good place to start.

Institutional services

It also provides services to other financial institution that need to grow. These include revolving lines of credit and tailored depository services. With their help, nationwide institutions are able to increase the productivity of their individual treasury operations. They are also able to maximize the income potential of their assets.

With the closing of the subordinate notes offering, Nexbank Capital Inc. now has $283M of debt and equity as from 2016. The firm is also a Federal Deposit Insurance Corporation (FDIC) member.

Highland Capital Management: A Leader in Investing

In the field of investing, Highland Capital Management is already tried and tested. The company is one of the examples of investment and management firm, which typically handles held funds, investment funds that are distressed and structured investments. The firm itself is also actively investing in public equities around the globe, in fixed income, and in hedging markets, where their focus is on loans, bonds, and structured products. The firm was founded in 1993, and their headquarters is located in Dallas, Texas, but they also operate in other major cities around the world, like New York City, Singapore, and London. They have assets worth billions of dollars, and on 2010, they announced that they have already completed their value funds.

 

But how did they manage to get to where they are now? The answer is simple: for the last twenty years, they managed to transform into one of the financial industry’s largest credit managers by the joint venture of two of its founders. From then on, they began specializing in markets that have fixed income. Through research, observation and perseverance had given them the chance to grow their business into what will be known as the Protective Asset Management Company. They soon established the Ranger Asset Management, LP, which works as an advisor. A year later, they decided to change the name to Highland Capital Management, the same name as what it is called today.

 

The firm has helped investors throughout the years, and evident of their success would be their continuous expansion not only in the United States but also in other countries. Their strategic approach to giving hope to assets that are already in distress was highly applauded. Investors were very happy with the assistance the firm is giving them. Highland Capital Management tends to help and advise investors to reach their risk and return goals, via innovative strategies that have never been seen in the market. Today, Highland Capital Management enjoys their 20 years of experience in the business that serves as a reminder of how trained they are in advising people on where they could put their money to better use.