/C O R R E C T I O N -- LiftHigh Crane & Rigging, LLC/

Rhea-AI Summary

LiftHigh Crane & Rigging (NYSE:CADE) has secured a revolving credit facility with Cadence Bank to support its growth and expansion plans. The facility will provide additional liquidity for LiftHigh to scale its new crane fleet and enhance service capabilities across Texas and beyond.

The credit facility aims to support industrial, commercial, and infrastructure projects while creating jobs and strengthening local businesses. Brad Hopper, CFO of LiftHigh, emphasized the positive relationship with Cadence Bank, while Blake Patterson, Cadence Bank SVP, highlighted the bank's commitment to developing long-term relationships and fostering economic opportunities.

Positive

• Secured new revolving credit facility providing additional liquidity
• Enables expansion of brand-new crane fleet
• Supports growth strategy and service capabilities expansion

Negative

• None.

In the news release, LiftHigh Crane & Rigging Secures Revolving Credit Facility with Cadence Bank, issued 01-Oct-2025 by LiftHigh Crane & Rigging, LLC over PR Newswire, we are advised by the company of an update to the photo caption. The complete, corrected release follows:

LiftHigh Crane & Rigging Secures Revolving Credit Facility with Cadence Bank

HOUSTON, Oct. 1, 2025 /PRNewswire/ -- LiftHigh Crane & Rigging, LLC ("LiftHigh") announced today that it has secured a revolving credit facility with Cadence Bank. This new financing provides additional liquidity and marks a significant milestone in the company's continued growth and expansion. 

"From the beginning, Cadence was very pleasant to work with and reasonable in their approach," said Brad Hopper, Chief Financial Officer of LiftHigh. "We're all looking forward to a strong relationship and some amazing growth." 

"Cadence Bank has been a great partner to me personally for many years and with multiple companies. This facility is a big step forward in our growth plans. It is a testament to Cadence Bank, our relationship and partnership, that they would back a crane services company in its infancy. We appreciate their partnership and support." 

Blake Patterson, Cadence Bank Senior Vice President of C&I Houston added: "We are excited to announce the closing of the revolving line of credit for LiftHigh. The line of credit will provide LiftHigh the flexibility to execute on its growth strategy, while supporting the needs of the community. By ensuring access to capital, we are helping create jobs, strengthening local businesses and fostering long-term economic opportunities. At Cadence, we value developing long-term relationships with companies like LiftHigh.  

The revolving credit facility positions LiftHigh to continue scaling its brand-new fleet of cranes and enhancing service capabilities for industrial, commercial, and infrastructure projects across Texas and beyond." 

About Cadence Bank
Cadence Bank (NYSE: CADE) is a $55 billion regional bank committed to helping people, companies and communities prosper. With more than 390 locations spanning the South and Texas, Cadence offers comprehensive banking, investment, trust and mortgage products and services to meet the needs of individuals, businesses and corporations. Accolades include being recognized as one of the nation's best employers by Forbes and U.S. News & World Report and as a 2025 America's Best Banks by Forbes. Cadence has dutifully served customers for nearly 150 years. Learn more at www.cadencebank.com. Cadence Bank, Member FDIC. Equal Housing Lender. 

About LiftHigh Crane & Rigging
LiftHigh Crane & Rigging, LLC delivers safe, reliable, and efficient lifting solutions backed by decades of industry expertise. Founded in 2025, LiftHigh pairs a brand-new fleet of Liebherr and Tadano cranes—ranging from 18 to 770 tons—with the proven experience of industry veterans. Serving commercial, industrial, infrastructure, and energy projects, LiftHigh is guided by its core competencies of safety, service, and respect. With integrity, professionalism, and innovation at the forefront, LiftHigh builds lasting trust by ensuring every project is executed with precision and excellence. 

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SOURCE LiftHigh Crane & Rigging, LLC

FAQ

What type of credit facility did LiftHigh Crane & Rigging secure with Cadence Bank?

LiftHigh secured a revolving credit facility with Cadence Bank to provide additional liquidity and support their growth strategy.

How will LiftHigh use the revolving credit facility from Cadence Bank?

The facility will be used to scale their brand-new fleet of cranes and enhance service capabilities for industrial, commercial, and infrastructure projects across Texas and beyond.

What is the purpose of Cadence Bank's credit facility for LiftHigh?

The credit facility aims to provide flexibility for growth strategy execution, create jobs, strengthen local businesses, and foster long-term economic opportunities.

Who are the key executives involved in the LiftHigh and Cadence Bank credit facility deal?

Key executives include Brad Hopper, CFO of LiftHigh, and Blake Patterson, Senior Vice President of C&I Houston at Cadence Bank.