September 26, 2017 11:23 AM ET

Banks

Company Overview of NexBank Capital, Inc.

Company Overview

NexBank Capital, Inc., through its subsidiaries, provides financial and banking products and services. The company offers commercial banking, broker-dealer, investment banking, and corporate advisory services. NexBank Capital, Inc. was founded in 1922 and is based in Dallas, Texas.

2515 McKinney Avenue

Suite 1100

Dallas, TX 75201

United States

Founded in 1922

Phone:

972-934-4700

Fax:

972-934-4785

Key Executives for NexBank Capital, Inc.

Chief Executive Officer, President, and Director
Age: 54
Chief Financial Officer and Executive Vice President
Chief Operating Officer and Executive Vice President
Executive Vice President and General Counsel
Compensation as of Fiscal Year 2017.

NexBank Capital, Inc. Key Developments

NexBank Capital, Inc. Announces Successful Completion of an Oversubscribed Private Placement of its Senior Unsecured Notes

NexBank Capital, Inc. announced the successful completion of an oversubscribed private placement of its senior unsecured notes. The company reopened their initial offering and raised an additional $80 million, bringing the total issuance to $155 million. The notes have a stated maturity of March 16, 2026 and are callable beginning March 15, 2021. The notes bear interest at a fixed rate of 5.50% for five years, and thereafter at a floating rate based on a spread above the three-month LIBOR of 435.5 basis points. The notes have been assigned an investment grade rating of BBB with a stable outlook by Kroll Bond Rating Agency. NexBank Capital, Inc. intends to use the proceeds of the offering to repay certain indebtedness and for general corporate purposes. Sandler O'Neill & Partners, L.P. acted as the sole placement agent for the private offering of the notes.

NexBank Capital, Inc. Increases Senior Unsecured Notes Offering to $75 Million

NexBank Capital, Inc. announced that it has increased the amount of its private placement of senior unsecured notes to $75 million. This represents a $25 million increase from the offering size previously announced on March 18, 2016. The company intends to use the proceeds of the offering to provide growth capital to its banking subsidiary and for other general corporate purposes. Sandler O'Neill & Partners, L.P. acted as the sole placement agent for the private offering of the notes. The notes are non-callable for five years, and have a stated maturity of March 16, 2026. The notes bear interest at a fixed rate of 5.50% for five years, and thereafter at a floating rate based on a spread above the three-month LIBOR of 435.5 basis points. The notes have been assigned an investment grade rating by Kroll Bond Rating Agency, recently upgraded from BBB- to BBB with a stable outlook.

NexBank Capital, Inc. Announces Closing of $50 Million Senior Unsecured Notes in Private Placement

NexBank Capital, Inc. announced the successful completion of a private placement to certain institutional and high net worth investors of $50 million senior unsecured notes. The notes are non-callable for five years, and have a stated maturity of March 16, 2026. The notes bear interest at a fixed rate of 5.50% for five years, and thereafter at a floating rate based on a spread above the three-month LIBOR of 435.5 basis points. The notes have been assigned an investment grade rating of BBB- with a positive outlook by Kroll Bond Rating Agency. The company intends to use the proceeds of the offering to repay certain indebtedness.

Similar Private Companies By Industry

Company Name Region
1854 Bancorp United States
1889 Bancorp MHC United States
1st Financial Bank USA United States
1st Manatee Bank United States
1st National Bank United States

Recent Private Companies Transactions

Type
Date
Target
Private Placement
March 24, 2017
--
\
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
NYC2012, Inc. United States
Tax Management Inc United States
Bertelsmann AG Europe

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact NexBank Capital, Inc., please visit www.nexbank.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.