NexBank has completed a subordinated debt offering worth $54 million. That brings the amount of debt issued by the Dallas based bank to $283 million since 2016. The issue attracted institutional investors as well as high net worth parties.
The design of the bond calls for a 6.375% fixed interest rate to apply for the first five years. After that, the interest rate will become a floating rate to be determined using a spread above the prevailing LIBOR (London Interbank Offered Rate) plus 458.5 basis points. The bonds are non-callable for five years, and their maturity date is September 30th, 2027.
This latest debt issue by NexBank was assigned a triple B (BBB) rating by KBRA (Kroll Bond Rating Agency). This stable score qualifies the $54 million raised as part of NexBank’s Tier 2 capital. The bank will make use of the proceeds from the offering to tend to general corporate functions. Sandler O’Neil & Partners distributed this private offering, which closed on September 19th, 2017.
NexBank Capital, Inc., headquartered in Dallas, Texas, is a financial services company. Founded in 1922, the company through its subsidiaries offers banking products and services in three primary areas:
The company’s customers are a variety of financial institutions, large and mid-sized corporations, and real estate investors.
Experienced executive management is ably guiding NexBank which explains the bank’s success. That smart leadership begins with Chairman James Dondero. Mr. Dondero is the President and Co-founder of Highland Capital Management. Supported by a host of directors with years of banking industry expertise, Mr. Dondero is sure to steward NexBank to more significant achievements.
In September 2017 NexBank reported assets of $7.6 billion, customer deposits of $6.9 billion, and $81.5 million in net income. Three branches within Dallas generated these results. Making NexBank the fourth largest bank in Dallas, and the 11th biggest bank in the state of Texas.
Felipe Monto Jens is a successful entrepreneur from Brazil. Since he ventured into business, he has worked on various government projects. He loves working on government projects for various reasons. For example, the projects increase profits for his companies but apart from making profits, Felipe loves his country.
Felipe Montoro Jens was born in Brazil and has been living in his country his entire life. He has seen Brazil when it was a developing nation to become one of the largest economies in the world. However, Brazil is currently facing infrastructure issues. When it comes to travelling in the country, many people struggle. Many Brazilians believe that the government should work on projects by funding them. Felipe has been working with government officials so that they can come with a way of improving the roads in the country. Learn more about Felipe Montoro Jens at terra.com
Felipe Montoro Jens believes that it is essential to invest in infrastructure and that it is a wise decision that the government can make. He thinks that if the condition of the roads is improved, it will lead to improved commerce in the country. Felipe owns a construction company, and he has a lot of experience when it comes to the management of large projects. Felipe has been working in the construction sector for many years and has gained the expertise to run such projects successfully. He can work on various projects at the same time, and his plans are to expand and offer the best services in the sector.
The government of Brazil is also planning to build more homes. It is an initiative that will ensure that many people in Brazil can own homes. Prices for houses have increased substantially, and people there are issues due to lack of inventory. Felipe is also working with the government to change the situation. Felipe works hard to ensure his projects succeed.
Renovia Inc.is a biotechnology firm that is headed by Marc Beer. He is the chief executive of the corporation. Over the years, Marc Beer has gained popularity for his ability to transform numerous start-up companies into commercial entities that eventually gain the financial strength to attain their goals. As the founder of Renovia Inc., Marc Beer sought some funding worth $42 million. The money would then be used to finance the endeavors of the biotechnology company. The funds were acquired through venture debt and Series B funding.
At the moment, Renovia Inc. is trying to come up with a suitable form of treatment for the pelvic floor disorder. The company has been working towards developing advanced types of technology that can be used to diagnose and test ailments such as urinary continence. The pelvic floor disorder and the urinary continence are somewhat related disorders. The ailment has affected approximately $42 million women worldwide. The $42 million will also be used to come up with affordable drugs that will be used in the treatment of the pelvic floor disorder in women.
Some companies such as the Longwood Fund believe in the research being carried out by Renovia Inc., which is why they attended the fundraisers and issued a reasonable amount of money to support the company’s cause. Other companies such as Perceptive Advisers were tasked with offering some advice to Renovia Inc. Since the Renovia Inc., has access to a considerable amount of funds, the corporation can further their research on formulating a drug that can be used to treat the pelvic floor disorder. Renovia Inc. has successfully developed a digitized health system known as Leva. The Leva technology also has been approved by the FDA. The Renovia Inc. will channel some part of the funds to come up with a more advanced form of the Leva technology. Marc Beer is hopeful that the Renovia Inc., will come up with a solution to the urinary continence and the pelvic floor disorder. Learn more: https://renoviainc.com/leadership/
Marc Beer has been transforming start-up companies into profitable commercial entities for more than 25 years. He has garnered lots of experience about the pharmaceutical industry, business, and development throughout the two and a half decades. His skill set as a business person and a remarkable leader can be witnessed through Renovia Inc. Marc Beer founded the company in 2016, and the corporation has achieved numerous milestones in the healthcare sector. Marc Beer is passionate about the goals that the Renovia Inc., is set to achieve. He also ensured that the fundraiser went on accordingly thus ensuring that the company had the necessary funds to fuel some of the projects such as finding a suitable remedy for the pelvic floor disorder
Dick DeVos isn’t the kind of businessperson who believes that tough work is for nothing. He’s actually the epitome of the opposite of that. Determination has taken him far in this world. He’s had outstanding role models since birth as well. He got a lot of insight by watching his father. The elder DeVos was among the businessmen who made the Amway Corporation come to fruition years and years ago. DeVos expressed his gratitude toward his father and his efforts by guiding the way for the Amway Corporation for many years as well. He was in charge of the corporation as its Chief Executive Officer starting in the beginning of the nineties. His experience with the massive company ended about 10 years later. He kicked off the fresh new millennium as its head honcho.
DeVos wasn’t a newbie to the world of intense work in the early nineties. He had an in-depth lobbying background by that point. He devoted a lot of care to lobbying work in Grand Rapids, Michigan. Grand Rapids is and has always been a Midwestern metropolis that is a big deal to DeVos and to his wife, Betsy. DeVos caught wind of the possible development of an enormous arena. This arena was set to be constructed close to energetic downtown Grand Rapids. The thought made DeVos feel a sense of dejection. He was disturbed by developments that took place in Detroit, Michigan in the seventies as the result of various ambitious construction projects. DeVos has always wanted only the greatest things for the city that means so much to him and to his family members.
DeVos’ wife is a tough cookie. She’s just like him in that way. This United States Secretary of Education has a lot of experience working alongside President Donald Trump. Since she’s a part of his administration, she’s well-versed in his communication styles. She’s frequently spotted right next to him at all kinds of events as well. Although they’re without a doubt a solid unit, they both have thoughts that are 100 percent original. Betsy DeVos doesn’t ever mimic other individuals. People love the fact that she’s a woman who has a spirit that’s completely self-assured. She doesn’t turn to others for ideas and concepts. She’s more than adept at creating her own.
Dick DeVos takes superb care of The West Michigan Aviation Academy in the aforementioned Grand Rapids. This is the moniker of the highly regarded charter school that he set up several years ago in 2010. Since it’s situated at the airport in Grand Rapids, it’s ideal for people who are motivated to tackle aviation careers. Aspiring pilots head to the institution for their high school educations. Aspiring youngsters who want to work behind the scenes in the air travel industry frequently head to it as well.
The Dick and Betsy DeVos Family Foundation is a distinguished non-profit group that’s been in around for quite a few years now. Dick and Betsy made it a wonderful possibility years ago in 1989.
Visit http://www.dbdvfoundation.org/about to learn more.
JD.com is the largest retailer, and it launched its tracing solution that will help pharmaceutical companies in China provide more transparency to their customers. This tracing solution is a blockchain technology-based, and it is available on JD Blockchain Open Platform. JD.com announced this move in Beijing 2018 at their Big Data Summit. There have been many concerns in China about the authenticity and transparency in the medical field. JD.com wishes to address this authenticity by launching this Medicine Tracing Solution that will provide transparent and reliable tracing information to the customers in China. This tracing solution is meant to cover every single step of drugs from the production, transportation, storage, sale, and medical application. The tracing solution has a very friendly user interface that customers can use easily, and it uses the Internet of Things also to improve the collection of data.
JD.com decided to venture into the pharmaceutical chain after there was an array of incidents in China were the pharmaceutical products were substandard and unsafe. This was especially in the field of vaccination where most vaccines were found to be below the safety standards or even expired. This caused a growing concern to the customers on the safety of the medicines that they were consuming and its origins. JD.com has teamed up with other partners in the pharmaceutical industry such as medical software providers and smart hardware manufacturers to create an IoT that promotes traceability. This will lead to an increase in transparency in the pharmaceutical industry as well as raise the standards of the drugs that are being manufactured. JD.com mains goal is that all individuals are accountable and are transparent which includes businesses, consumers as well as the government.
JD.com wants to use its technology to allow for the collection of accurate, reliable and transparent information about how drugs are sourced right to their selling. This blockchain tracing solution will go a long way in helping the consumers of China get access to safe and quality medicine. This way, there will be no future incidences of unsafe medication that will cost the health of a consumer.
Details JD via Twitter : https://twitter.com/jd_corporate
Shervin Pishevar is the former managing director at Sherpa Capital and an Uber investor. He is a venture capitalist who has helped nurture the talents of so many Americans in the Silicon Valley. Some of his recent contributions can be seen through companies such as Munchery, Uber, Hyperloop One and Airbnb. As an investor, he has seen a lot happening in the fields of economics and finances. He can know when to invest and when to keep his hands in the pocket. His experience makes him one of the prominent voices as far as the growth of the American economy is concerned.
In February of this year, Shervin Pishevar posted 50 messages on Twitter after staying out of the social media for a few months. His comeback was pronounced due to the weight of the messages he posted. He revealed his thoughts on various matters surrounding the US economy and the financial industry in general. The highlight of the tweetstorm was the dim picture he painted about the US economy.
After considering various factors that go hand-in-hand with economic growth, Shervin Pishevar was convinced that the US economy was on the downward trend. The stock market was going down, inflation was kicking in, and the interest rate was going up. All these indicators show an ailing economy. Shervin Pishevar projected that the stock market would drop by 6,000 points in the year. The losses would be enough to erase the gains made in the past one year.
Shervin Pishevar mentioned the bond market would also be on the receiving end. The volatility witnessed in the market would catch up with other markets ad essentially there would be no worthy asset for investors. All of them will be overvalued, and there would be no net gains in the process for investors. Shervin added that the uncertainty that is coming from Washington in regards to trade deals is only making matters worse. He predicted that the bond market would first rise before tumbling down and would be in line with the equities market.
In a world of ever-shifting security needs, it is not enough to stop an attack that is ongoing. The future of security requires detecting, isolating, and analyzing attacks. In that way, one can learn how to prevent the next attack. Cloudwick’s security solutions leverage innovation and open source to create such a product.
Called the Cyber Data Lake, Cloudwick’s solution detects and isolates security threats and provides the transparency needed to analyze threat data and create new solutions.
Most security solutions use a set of rules to detect and stop ongoing threats. Cloudwick’s solutions go beyond rules. Machine learning helps sort legitimate traffic from security risks. This limits the possibility of false positives due to poorly-written or conflicting rules. At the same time, machine learning allows the system to detect and adjust to emerging patterns. This makes the next threat easier to detect.
Not only does Cloudwick use machine learning to adjust to developing security needs, but it democratizes security analytics. Siloed security renders data and makes it available in a Salesforce-style model. Many vendors can access the same depository of data using the same platform. This transparency of security analytics means information can be shared quickly and efficiently. New solutions can be crafted without a delay in the transfer or location of necessary data.
Cloudwick developed the Cyber Data Lake – or “CDL” – through both open source technologies and partnership with other companies including Solarflare, Bricata, and Corelight. The result is a product that redefines security for a changing world. The goal is to prevent security attacks in the first place, not merely to respond to them as they arise. This requires a seismic shift in traditional security thinking. Instead of focusing on security in the moment, one must prepare for the future. The CDL provides the flexibility needed to meet today’s needs while keeping ahead of the market’s demands.
American businesses have given back to charities for quite some time, seeing the act of giving back to society bodes well for business. It’s less common for businesses to go a step further and establish their own charitable foundation, but if Dallas-based Stream Energy has its way it’ll be the future of corporate philanthropy. The direct-selling energy company announced the opening of Stream Cares, their very own foundation that will work with organizations and charities across Texas to improve the lives of people in and beyond their hometown.
Stream Energy’s goals are to take part in worthwhile causes and communicate to current and prospective clients that they have made an investment of time and resources into the places where they live. Operation Once in a Lifetime is on of those organization. This is a military charity that reaches out to veterans in need and helping them get access to financial assistance and support they might need for themselves and their families. Stream Energy worked with Operation Once in a Lifetime to host a luncheon in honor of those veterans.
Just one event wasn’t enough for families that sacrifice so much. Stream Energy hosted the American Girl Doll Experience the next day. 10 daughters of military veterans were invited to a party where they could pick and play with an American Girl Doll of their very own and leave with them at the end of the day.
Charity like this is an extension of the thoughtfulness of the workers at this company, Senior Event Manager Kimberly Girard said in a recent statement. Concern for Texas and the people who call it home is part of the company’s culture, and Stream Energy needed a foundation to channel that thoughtfulness into the most useful avenues so workers weren’t burdened with coming up with these solutions on their own.
In a listing of states by charitable giving, website WalletHib found that Texas is among the least generous, falling well behind states like Minnesota and Utah who only have a fraction of the population. As a leader of the Dallas business community, Stream Energy has the opportunity to step up and show all of Texas that charity is just a part of doing business in this state.
Clay Hutson is an entrepreneur who love music and the industry that surrounds it. Hutson created his own live entertainment production company after attending college for theatre design. College is where he learned independency and all his special skills that he uses within the music industry today. He has managed and produced many tours for people like Pink and Kid Rock just to name a few. On these tours he was the person who oversaw everything even down to the designs.
Hutson is an extremely busy man. He has a busy schedule from the time he awakes until the time he can go to sleep. Even while the tours are in progress Hutson is still working and figuring out the next steps after the show. He has become so familiar and skilled in his job field that he envisions things and tours before they come to life. When Hutson have these visions, he sees everything from the lighting to the design of the show. Hutson is a very particular man and he does everything to make sure his clients are happy with the result. Doing so, this helps to keep his business a float and for people to book him again. His hard work and experience have paid off and he continues to follow his dreams with the approaches he envisions.
Hutson has a lot of inspirational quotes that helps him get throughout a busy work day. One of his favorites comes from Vince Lombardi “The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will.”
Having the ability to pay attention to details closely and knowing what people like has helped Hutson become and stay successful. His hard work, dedication, professionalism, and great attitude are all factors that helped build Hutson empire and allowed him to become and stay successful.
Lime Crime is a line of beauty products founded. Doe Deere founded the company and worked closely for years with charity focusing on animal rescues, women, children, and those people helping in these charities. During the course of 4 years, the company has contributed more than $16,000 to these such charities. This charitable work aligns with Lime Crime’s vegan and cruelty-free focus, emphasized by Doe Deere who is also known as Xenia Vorotova. Vorotova was born in 1981 in Izhevsk, Russia and came to the United States when she was 17. Her husband, Mark Dumbleton, helped her found Lime Crime after she spent time with the fairy tale rock band Sky Salt. In 2007, she dressed up as Hitler for Halloween and later had to defend it by describing her experience as a Russian-American Jew. By 2008, she also had a short solo career in music – around the same time she was utilizing the moniker “Doe Deere“ to sell DIY clothing online at EBay. By the time her Lime Crime company went live, it was meant with much controversy and documentation on the Internet. She was accused of cultural appropriation for her Chinadoll makeup kit and, shortly after, launched her future Unicorn products through her new hair dyes. Deere is naturally a redhead, but she dyes her hair every possible color. Her magenta color is especially popular and is now known as “Pony”. She collects vintage hats and has made claims that she attended fashion school, although that has not been confirmed. Most of her career is being the CEO of Lime Crime, singing in the occasional musical opportunity, and photographing herself dressed elaborately and in high heels. She has two cats and frequently “dolls up” antique furniture when she’s not working on new makeup products. All in all, Doe Deere – or Xenia Vorotova – is a makeup company owner for Lime Crime with success as well as controversy attached to her name.