LiftHigh Crane & Rigging Secures Revolving Credit Facility with Cadence Bank
LiftHigh Crane & Rigging has secured a revolving credit facility with Cadence Bank (NYSE:CADE) to support its growth and expansion plans.
Sentiment and the balance of points
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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.
Details
News Market Reaction – CADE
On Oct 1, the day this news came out, CADE closed 0.05% below the previous close.
Data tracked by StockTitan Argus for the Oct 1 session.
AI-generated analysis. How Rhea-AI works. Not financial advice.
"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
About Cadence Bank
Cadence Bank (NYSE: CADE) is a
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
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