Denver, CO (December 28, 2020) – Sunflower Bank, N.A. is pleased to announce that its Leveraged Finance team served as Joint Lead Arranger for a senior debt facility that was led by KeyBanc Capital Markets. The senior debt facility supported the acquisition of NextEdge Networks Holdings and its wholly-owned subsidiary, Modus (collectively “Modus”) by Bow River Capital. The transaction closed in August 2020.
“We are excited to work with the Modus team to help facilitate the growth of the company going forward,” said David Harper, managing director of leveraged finance at Sunflower Bank. This is the sixth transaction that Harper’s team has closed this year, demonstrating Sunflower Bank’s dedication to providing senior debt capital and strategic partnerships to private equity firms and their portfolio companies. “This syndication is a great opportunity to participate with Key Bank and continue our relationship with the respected local firm, Bow River Capital,” added Harper.
Harper is responsible for identifying prospective leveraged finance and other corporate banking opportunities for Sunflower Bank. His career has included leadership roles in investment banking, private equity, operating companies and commercial banking. He has been involved in more than 75 corporate finance transactions, including M&A, private placements, public offerings, restructurings and cross-border opportunities. Sunflower Bank’s structured finance group launched in June 2018 and provides corporate finance services to clients and prospects with borrowing needs typically in the range of $5 million to $20 million or more. Sunflower Bank also has the ability to lead larger syndicated deals.
Modus is leading 5G infrastructure services company that focuses on identifying, designing, engineering, constructing, installing and maintaining 5G small cell networks. Modus has deployed thousands of wireless telecommunications facilities in the most challenging municipalities in the Western United States and has emerged as an industry leader in designing, building, retrofitting and modifying these networks not only to the satisfaction of its customers but also the communities in which it works. Today, Modus is actively deploying 5G technologies throughout California, Louisiana, Oregon, Texas and Washington.
Bow River Capital is a private alternative asset management company based in Denver, Colorado focused on investing in the lower middle market in three asset classes, including private equity, real estate and software growth equity.
KeyBanc Capital Markets’ Corporate Banking team provides a full suite of corporate and investment banking services supported by dedicated relationship managers, senior industry investment banking experts and product specialists who focus on individual client needs and objectives.
About Sunflower Bank: Operating as Sunflower Bank, First National 1870 and Guardian Mortgage, Sunflower Bank, N.A. provides financial solutions to the individual communities it serves. With approximately $5 billion in assets as of September 30, 2020, headquarters in Denver, bank locations in six states, and mortgage capabilities in more than 40 states, Sunflower Bank, N.A. provides a full range of relationship-focused services to meet personal, business and wealth management financial objectives. Member FDIC. Equal Housing Lender. First National 1870 and Guardian Mortgage are divisions of Sunflower Bank, N.A. To learn more visit SunflowerBank.com, FirstNational1870.com or GuardianMortgageOnline.com.
Structured Finance Contact: David Harper
Managing Director, Leveraged Finance
303.962.8686 | David.Harper@SunflowerBank.com
Media Contact: Jeanne Lipson
VP, Marketing Manager
915.881.6785 | Jeanne.Lipson@SunflowerBank.com