Improving Cash Postion With Secured Notes

Nexbank has offered secured notes to investors.

They have raised funds by offering senior secured notes. The total offering and issuance of notes was $155 million. The notes have a maturity date in 2026, but are callable beginning in 2021. Whereas the bonds were listed as grade BBB, Kroll’s has stated that they are a stable investment. Nexbank‘s notes have had a traditionally good rating.

The bonds were issued to pay indebtedness and for general corporate purposes, mainly for capital.

They will not be traded on any exchanges and are not registered according to the Securities Act.

Within the past twelve months, Nexbank has raised over $200 million.

Nexbank has total assets of $4.64 billion. This shows a 71% increase over 2015.

Nexbank Capital, Inc. is a company that provides financial and banking services to institutions and corporations.

Their total loans at present stand at $2.83 billion, and their net income sits right around $84 million.

Nexbank is headquartered in Dallas, with four locations in Texas. Their overall market rate is two times the national average. They are the 14th largest bank in Texas.

They have four branches, and their clients are generally institutional clients and corporations. They are an outstanding moorage lender, and deal with SBA loans as well. They have invested in diverse industries and institutions, and boast many top 500 businesses as their clients.

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