Dallas-based Financial Service Company closes a Subordinated Debt Offering Worth $54 million

NexBank recently completed the placement of its subordinated notes worth $54 million to a particular institutional as well as highly valued investors. The private placement is reported to be on fixed-to-floating rate terms with maturity duration of 10 years. The earnings of the offering will be used for the company’s overall corporate purposes. After sealing this deal, NexBank Capital is reported to have raised its equity and debt by $283 million within the last one year.

The placement agent for the deal was Sandler O’Neill & Partners, LP. The notes have a fixed interest rate of 6.375%. However, after the first five years, the placement will be on a floating rate. Kroll Bond Rating Agency has assigned the deal an investment grade rating of BBB and named it as Tier 2 capital based on the relevant regulations.

About NexBank

NexBank Capital is a Dallas-based company offering customized banking and financial services to a range of clients, including financial institutions, institutional clients, real estate investors and corporations across the world. The company’s business services include Mortgage Banking, Commercial Banking, and Institutional Services.

NexBank works to deliver exceptional value through client commitment and industry leadership. Through experienced and certified professionals, the company offers unmatched access to sophisticated personalized solutions to its clients. It also offers personal banking solutions with a variety of options to create an excellent banking experience for its clients. NexBank’s experts analyze clients’ current financial position and objectives then design effective strategies to allow clients manage their cash flow successfully. The company works to provide ideal banking products and services aimed at growing and protecting client’s funds.

The company’s commercial banking services include commercial real estate lending, credit services, financial institutions, commercial lending, treasury management and agency services. All these are managed effectively to ensure client’s success. NexBank is also dedicated to corporate social responsibility. The company recently donated $100,000 to support a particular Women foundation in the region.

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