By William Gullotti
Buffalo, N.Y., Sept. 7 – NexBank Capital, Inc. completed a private placement of $100 million of 6% fixed-rate reset non-cumulative perpetual preferred stock, series A, to institutional investors, according to a press release on Tuesday.
The preferreds were given a BBB rating from Egan-Jones Ratings Co.
Jefferies LLC served as financial adviser and Hunton Andrews Kurth LLP served as legal counsel to NexBank in the offering.
NexBank Capital is a Dallas-based financial services company.
Issuer: | NexBank Capital, Inc.
|
Issue: | Fixed-rate reset non-cumulative perpetual preferred stock, series A
|
Amount: | $100 million
|
Maturity: | Perpetual
|
Dividend: | 6%
|
Settlement date: | Sept. 1
|
Rating: | Egan-Jones: BBB
|
Distribution: | Private placement
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.