The Post team is present and on top of things at the 36|86 entrepreneurship conference being hosted at Marathon Music Works by Launch Tennessee today and tomorrow. Click here to go to the our landing page on Southern/alpha, where you'll find snippets from the presenters as well as links to broader stories on various topics. Some tasters: One venture capitalist said Silicon Valley is "the last place on the planet" where his team is looking to build a promising company now and an HCA exec told the crowd his technology investment strategy is focused on need and not return.
"We don't have FOMO, because we know what we're looking for" - Will Morrow on HCA's narrow investment strategy— Southern/alpha (@SouthernAlpha) June 9, 2015
The leaders of Pinnacle Financial Partners expect to issue $50 million in debt to help finance the acquisitions of CapitalMark Bank & Trust in Chattanooga and Magna Bank in Memphis as well as pay off its loan with U.S. Bank. That number is down from two weeks ago, when bank execs said they had started talks about issuing up to $60 million in subordinated debt.
Also of note from Pinnacle's latest filing: President and CEO Terry Turner first talked about a deal with CapitalMark boss Craig Holley way back in February of last year. But it took until early this year — starting with word that CapitalMark's 2014's profits would fall short of previous estimates — for the conversation to get down to terms and price. (Search for "February 10" to follow the timeline.)
POSTDATA: WARRANTY DEEDS