Truxton Capital Advisors Raises Debt Financing for Basepoint Expansion

Rhea-AI Summary

Truxton Trust Company announced its advisory role for BasePoint Health Management, facilitating a $5 million junior debt facility to expand its operations from one to five locations in Dallas, Texas. The funds were raised from accredited investors, and BasePoint aims to enhance access to mental health care for adolescents. Truxton Capital Advisors, a division of Truxton Trust, provided the capital solutions. Truxton Trust offers a range of financial services, catering primarily to wealthy individuals and their businesses.

Positive

• Raised $5 million from accredited investors for expansion.
• Plans to grow from 1 to 5 locations in Dallas, Texas, increasing access to mental health services.

Negative

• None.

NASHVILLE, Tenn., Oct. 03, 2022 (GLOBE NEWSWIRE) -- Truxton Trust Company is pleased to announce its role as advisor to BasePoint Health Management, a provider of non-clinical management services for affiliate mental health facilities and psychiatrists. Truxton Capital Advisors, a division of Truxton Trust Company, served as sole arranger for a junior debt facility with equity warrants and raised $5MM from accredited investors. BasePoint plans to use the proceeds to expand from one to five locations in the Dallas, Texas area. Truxton Capital Advisors provides capital solutions to high-growth companies, family-owned businesses, and financial sponsors.

Roy M. Serpa, Basepoint Chairman, said, “As founder and Chairman, I appreciate the confidence Truxton and their team led by Philip Skipp, VP of Truxton Capital Advisors, has placed in BasePoint Health Management as we expand our footprint and improve access to mental health care for teens in Texas.”

About Truxton Trust
Truxton Trust Company is a provider of private banking, wealth management, trust, capital markets and family office services for wealthy individuals, their families and their business interests. Serving clients across the world, Truxton’s vastly experienced team of professionals provides customized solutions to its clients’ complex financial needs. Founded in 2004 in Nashville, Tennessee, Truxton Trust upholds its original guiding principle: do the right thing. Truxton Trust Company is a subsidiary of financial holding company, Truxton Corporation (OTCPK: TRUX). For more information, visit truxtontrust.com.

About BasePoint Health Management
BasePoint Health Management provides non-clinical management services for BasePoint Academy and BasePoint Psychiatry, a leading mental health treatment program for adolescents struggling with mental health disorders.  

Together Basepoint is committed to providing accessible, understandable, and effective behavioral healthcare to our patients and their families.

Media Relations		Investor Relations
Tamara Schoeplein		Andrew May
615-515-1714		615-515-1707
tamara.schoeplein@truxtontrust.com		andrew.may@truxtontrust.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fe706a1b-8f5e-48bf-af3a-69b250d5f103

FAQ

What is the role of Truxton Trust Company in BasePoint Health Management's expansion?

Truxton Trust Company served as an advisor to BasePoint Health Management, arranging a $5 million junior debt facility for their expansion.

How much funding did BasePoint Health Management secure for its expansion?

BasePoint Health Management secured $5 million from accredited investors.

What are BasePoint Health Management's plans following the funding?

BasePoint plans to expand its operations from one to five locations in the Dallas, Texas area.

What is Truxton Trust Company's primary service offering?

Truxton Trust Company provides private banking, wealth management, trust, and capital market services to wealthy individuals and their families.

Which company is the parent of Truxton Trust Company?

Truxton Trust Company is a subsidiary of Truxton Corporation, which trades under the stock symbol TRUX.