NexBank’s Private Placement

NexBank Inc, a notable financial services company based in Dallas recently made public the successful completion of its private placement amounting to $54 million. This is a private placement of its fixed-to-floating rate subordinated notes that goes to various high end net and institutional investors.

Through this move, NexBank hopes to make use of the proceeds to perform general corporate purposes. Notably, this closing has seen Nexbank Inc. raise $283 million of equity and debt since 2016. From the gathered information, the notes are meant to be non-callable for at least five years and has a stated maturity date set for September 30, 2027. The notes will bear a fixed interest rate of 6.375% for five years. This will then be followed by a floating rate that will be based on the spread above the three-month LIBOR of 458.5 basis points that will then be trending.

Notably, the notes have acquired an investment grade rating of BBB. This is coupled by the fact that Kroll Bond Rating Agency has given it a stable outlook. This means that under the applicable capital regulations, it qualifies as a tier 2 capital.

During the notes’ private offering, Sandler O’neil & Partners stood in as the sole placement agent. This offering came to an end on September 19, 2017.

About Nexbank Capital Inc.

NexBank Capital is a financial services company that offers mortgage banking, commercial banking and institutional services to financial institutions and institutional clients. Its other clientele includes real estate investors, large corporations and middle market companies. The company hopes that through its commitments to clients and industry leadership, it will deliver uncommon value at every given opportunity, reports

NexBank’s Leadership mission, through its executive management team, hope to combine a strong focus on customer service and industry expertise to ensure that it offers unrivaled financial services. The company is under the leadership of James Dondero, the current chairman of Highland management Capital. Together with his executive team, they hope to take NexBank to greater heights in the financial sector. With the breath of management from the bank’s directors this is expected to be realized much sooner than later.


3 Reasons Why Investing in Freedom Checks is a Brilliant Idea

There are two unwritten rules in the alternative investment world, which are high returns and safety while investing. Freedom checks are one of the investment options that capture the two unwritten rules. For the past two years, this investment option has been a subject of debate from many pundits, and it is impressive to note that the discussion is always on different ways to maximize on returns as opposed to other investment options. Matt Badiali has been part of the journey to explain to millions of potential investors this investment option. How does this investment option work?

Before going to the scope of Freedom Checks, it is essential to understand that any investment in the expansive oil and gas industry is a viable and safe investment. After being part of the oil and minerals industry for years, Matt Badiali realized that the USA minerals and gas industry was less invested in by investors partially due to lack of understanding in perimeters of the industry. He points out that many of investors currently in Freedom Checks did not have the knowledge that investing in the USA oil and mineral industry is one of the most profitable investment options in the USA.

What makes Freedom Checks profitable? First, it exempted from tax. Any income from alternative investments such as income from stocks is subject to tax, but this option is not. The exception has a constitutional amendment basis (Statue 26-F) which was amended in the spirit of making the USA economy less dependent of oil from traditional traders. It means, therefore, that any income form Freedom Checks is untouched. The situation makes this investment alternative the best and the most profitable option. Matt Badiali points out that this was one of his main reasons to initiate these checks.

What is the future of these checks? Regardless of one view on the economy, there is a unison agreement that the future of this investment option is bright and unmatched. This unison agreement is mainly because the oil and energy industry is one of the principal drivers of the USA economy and the use of oil and gas is on the high rise.

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