LiftHigh Crane & Rigging secures credit facility with Cadence Bank

HOUSTON - LiftHigh Crane & Rigging, LLC announced Wednesday it has secured a revolving credit facility with Cadence Bank, providing additional liquidity to support the company’s expansion plans.

The newly established credit facility will enable LiftHigh to continue scaling its crane fleet and enhance service capabilities for industrial, commercial, and infrastructure projects across Texas and beyond, according to the company’s statement.

Brad Hopper, Chief Financial Officer of LiftHigh, described the bank as "very pleasant to work with and reasonable in their approach," adding that the company looks forward to "a strong relationship and some amazing growth."

Blake Patterson, Cadence Bank Senior Vice President of C&I Houston, said the credit line will provide LiftHigh "the flexibility to execute on its growth strategy, while supporting the needs of the community."

Cadence Bank (NYSE:CADE), a $55 billion regional bank with over 390 locations across the South and Texas, has been serving customers for nearly 150 years. The bank has maintained dividend payments for 41 consecutive years and currently offers a 2.93% dividend yield. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report, which covers over 1,400 US equities.

Founded in 2025, LiftHigh Crane & Rigging operates a fleet of Liebherr and Tadano cranes ranging from 18 to 770 tons. The company serves commercial, industrial, infrastructure, and energy projects.

The financial terms of the credit facility were not disclosed in the press release.

In other recent news, Cadence Bancorp reported its second-quarter 2025 earnings, surpassing Wall Street expectations with an earnings per share of $0.73, compared to the forecasted $0.68. This positive earnings surprise comes as the company continues to focus on strategic expansions. Meanwhile, DA Davidson has reiterated its Buy rating on Cadence Bancorp stock, maintaining a price target of $42.00. The research firm believes Cadence Bancorp is well-positioned to sustain its organic growth and explore merger and acquisition opportunities, contributing to an improved revenue growth outlook.

Standard Premium Finance Holdings, Inc. announced the closing of a revolving credit facility providing up to $115 million in borrowing capacity. The facility, led by First Horizon Bank with participation from Flagstar Bank and Cadence Bank, includes an initial commitment of $75 million with an additional $40 million accordion feature. The agreement features a lower interest rate compared to previous arrangements, resulting in immediate cost savings for Standard Premium. These developments reflect ongoing financial strategies and market positioning efforts by the companies involved.

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