JCAP - Jernigan Capital sale to NexPoint closes

NexPoint Advisors LP completes its all-cash acquisition of Jernigan Capital (JCAP) for ~ $900M, including debt and preferred stock to be assumed or financed.Under the agreement, holders of Jernigan common stock and units of its operating company interests will get $17.30 per share/unit in cash.In connection with the transaction, all of Jernigan’s outstanding Series B preferred shares will be redeemed for its series B liquidation value.Previously: Jernigan Capital shares jump to just below merger price (Aug. 3)

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Jernigan Capital sale to NexPoint closes