NexPoint Completes Acquisition of Jernigan Capital Inc.
MEMPHIS, Tennessee--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE: JCAP) announced today the completion of its previously announced acquisition by affiliates of NexPoint Advisors, L.P. (“NexPoint”), in an all-cash transaction valued at approximately $900 million, including debt and preferred stock to be assumed or refinanced. Pursuant to the transaction, holders of Jernigan’s common stock and holders of units of operating company interests in Jernigan Capital Operating Company, LLC are entitled
NexPoint Completes Acquisition of Jernigan Capital Inc.
MEMPHIS, Tennessee--(BUSINESS WIRE)--Jernigan Capital, Inc. (NYSE: JCAP) announced today the completion of its previously announced acquisition by affiliates of NexPoint Advisors, L.P. (“NexPoint”), in an all-cash transaction valued at approximately $900 million, including debt and preferred stock to be assumed or refinanced. Pursuant to the transaction, holders of Jernigan’s common stock and holders of units of operating company interests in Jernigan Capital Operating Company, LLC are entitled