CB&I, a provider of integrated storage and asset-management solutions, has closed an upsized senior secured credit facility of $625 million, up from $400 million. The expanded facility comprises a $500 million revolving credit facility and a new $125 million Term Loan A, both maturing on 4 December 2028. The additional capacity replenishes cash used to acquire Asset Solutions, previously part of the Petrofac Group, and enhances financial flexibility for future investments. The revolving credit facility remains undrawn at closing, with CB&I having no funded debt outstanding. Citibank led the syndication, which added Goldman Sachs Bank USA and Zions Bancorporation to the lending group. Existing lenders include Truist Securities, National Bank of Canada, Webster Bank, Texas Capital Bank, Crédit Agricole CIB, Wells Fargo, and J.P. Morgan.

Texas Capital Bancshares reported second-quarter results that exceeded Wall Street expectations. Revenue rose 8.3% year on year to $335.5 million, beating analyst estimates of $333.5 million. The regional banking firm posted adjusted earnings of $1.88 per share, surpassing consensus estimates of $1.86 by 1.3%. Net interest income reached $260.4 million, though this fell slightly short of analyst projections of $262.9 million. The company's net interest margin came in at 3.3%, missing estimates of 3.4%. Its efficiency ratio was 61.3%, compared with analyst expectations of 59.9%. Over the past two years, Texas Capital Bank has achieved annualised revenue growth of 12.6%, an acceleration from its five-year compound annual growth rate of 5.8%. Net interest income accounts for 84.1% of total revenue over the last five years.