LiftHigh Crane & Rigging Secures Revolving Credit Facility with Cadence Bank

Rhea-AI Summary

LiftHigh Crane & Rigging has secured a revolving credit facility with Cadence Bank (NYSE:CADE) 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 partnership aims to support LiftHigh's expansion in industrial, commercial, and infrastructure projects. Cadence Bank's Senior VP Blake Patterson highlighted that the credit line will help create jobs, strengthen local businesses, and foster economic opportunities.

Positive

• New revolving credit facility provides additional liquidity for growth
• Partnership with established bank supports fleet expansion plans
• Enables scaling of brand-new crane fleet and service capabilities

Negative

• None.

News Market Reaction

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On the day this news was published, CADE declined 0.05%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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 secure with Cadence Bank (CADE)?

LiftHigh secured a revolving credit facility with Cadence Bank to provide additional liquidity for growth and expansion.

How will LiftHigh use the Cadence Bank (CADE) credit facility?

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

What is the strategic importance of the Cadence Bank credit facility for LiftHigh?

The credit facility provides additional liquidity for growth, enables fleet expansion, and supports LiftHigh's ability to create jobs and strengthen its market presence.

What regions will benefit from LiftHigh's expansion through the Cadence Bank facility?

The credit facility will support LiftHigh's operations and expansion across Texas and beyond, focusing on industrial, commercial, and infrastructure projects.