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News Stories (39 Results) - NewStar Financial

First Eagle Investment Management and NewStar Financial Inc. announced that they have entered into a definitive agreement for First Eagle to acquire NewStar, an established lender and investment manager specializing in direct lending to middle-market... Read Story
October 17, 2017, 08:00 AM


Fifth Street Asset Management Inc. announced that it has agreed to sell Fifth Street CLO Management LLC, a wholly-owned subsidiary of Fifth Street Holdings L.P., to NewStar Financial, Inc.  FSAM intends to use the proceeds from this transaction to... Read Story
July 07, 2017, 07:38 AM


NewStar Financial Inc. announced the sale of its equipment finance business and related assets to Boston-based Radius Bank ("Radius"), a federal savings association, for approximately $140 million in cash.    NewStar Equipment Finance is an... Read Story
December 02, 2016, 07:29 AM


NewStar Financial, an internally-managed commercial finance company and asset manager, announced its liquid credit platform, NewStar Capital LLC (“NewStar Capital”), completed a $410 million broadly syndicated loan securitization known as Arch Street... Read Story
September 22, 2016, 07:09 AM


NewStar Financial announced that John Frishkopf will retire from the company as of September 30, 2016.  Frishkopf was a founding member of the firm and has served as Treasurer and head of its Asset Management group since NewStar’s inception in 2004. ... Read Story
August 12, 2016, 07:27 AM


NewStar Financial announced  that it has been named 2015 Lender of the Year by Mergers & Acquisitions (“M&A”), an independent digital news service and monthly magazine covering all aspects of deal-making in the middle market.  The monthly magazine is... Read Story
March 28, 2016, 07:43 AM


NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., has provided senior secured credit facilities totaling $8 million to Roscom, Inc. (“Roscom” or the “Company”).  Founded in 1972 and headquartered in Croydon, PA, Roscom... Read Story
February 09, 2016, 08:01 AM


NewStar Financial Inc., an internally-managed commercial finance company, announced it completed a $398 million term debt securitization known as NewStar Commercial Loan Funding 2015-2. All floating rate classes of notes were priced at par.  NewStar... Read Story
September 22, 2015, 07:14 AM


NewStar Financial announced it has agreed to acquire Feingold O'Keeffe Capital, LLC d/b/a FOC Partners ("FOC"), a private alternative asset management firm based in Boston, Massachusetts.  The acquisition will add approximately $2.3 billion to... Read Story
September 17, 2015, 07:44 AM


NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., announced it has provided a revolving credit facility to The Honest Kitchen, Inc. (“Honest”).  Established in 2002, Honest is a pet food manufacturer located in San Diego... Read Story
September 15, 2015, 07:46 AM


NewStar Financial Inc., an internally-managed commercial finance company, announced that it has formed a new financing subsidiary, NewStar Warehouse Funding I, which has entered into a $175 million revolving warehouse financing arrangement with... Read Story
May 13, 2015, 07:59 AM


NewStar Financial, Inc. has hired veteran banker Paul Horton as a Managing Director in its Leveraged Finance group with responsibility for generating new financing opportunities with mid-sized companies, private equity firms and other investors in... Read Story
April 03, 2015, 07:51 AM


NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc. announced today that it has provided a $25 million credit facility to a transportation and logistics company with operations in the Mid-Atlantic and Southeast. The credit... Read Story
February 10, 2015, 08:03 AM


NewStar Financial anounced that it has closed the NewStar Clarendon Fund CLO (the "Clarendon Fund" or the "Fund"), a $400 million middle market CLO used to provide leverage for a managed credit fund anchored by an investment from funds sponsored by... Read Story
January 16, 2015, 07:39 AM


NewStar Financial Inc., a specialized commercial finance company, GSO Capital Partners ("GSO"), the credit division of the Blackstone Group), and Franklin Square Capital Partners, the largest manager of business development companies, announced today... Read Story
December 05, 2014, 07:39 AM


NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc, announced that it has provided a $25 million revolving line of credit to Afni, Inc. (“Afni”).  Headquartered in Bloomington, IL, Afni provides outsourced process solutions... Read Story
December 04, 2014, 07:28 AM


NewStar Financial, a specialized commercial finance company, GSO Capital Partners, the credit division of Blackstone, and Franklin Square Capital Partners, the largest manager of business development companies, announced today that they have formed a... Read Story
November 06, 2014, 07:44 AM


NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., announced today that it has provided a $10 million revolving credit facility to Climax Manufacturing Co. (“Climax”).  Located in Lowville, NY, Climax is a leading... Read Story
October 08, 2014, 07:29 AM


NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., announced that after a forty year career in the commercial finance industry, Steve Brown is retiring, effective September 30th. Brown has served as a Senior Vice President... Read Story
September 09, 2014, 07:36 AM


NewStar Business Credit, a division of NewStar Financial, Inc. announced today that it has hired W. Calvin Navatto as a Senior Vice President in its New York City office.  Navatto will be responsible for helping to expand NewStar Business Credit’s... Read Story
August 05, 2014, 08:04 AM


Nautic Partners, LLC has partnered with management to acquire Custom Window Systems, Inc. Custom is a leading designer and manufacturer of impact resistant and non-impact windows, doors, and porch enclosures, serving customers in Florida and across... Read Story
August 04, 2014, 07:20 AM


NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., has provided a $9 million revolving credit facility to SureSource LLC. Headquartered in Shelton, CT, SureSource is a leading provider of direct-to-consumer e-commerce... Read Story
July 16, 2014, 07:39 AM


NewStar Financial has increased the size of the NewStar Arlington Senior Loan Program (the "Arlington Fund" or the "Program") to $400 million and completed a term debt securitization to provide leverage for the Program. The Arlington Fund was formed... Read Story
July 02, 2014, 07:27 AM


SunTrust Robinson Humphrey (STRH) announced the addition of three highly respected banking industry veterans to its Chicago-based Midwest Corporate Banking team. Wes Frangul, Jonathan Twichell and Mark Wegener have joined the firm as managing... Read Story
May 13, 2014, 07:39 AM


NewStar Financial Inc., a specialized commercial finance company, announced that it completed a $348 million term debt securitization known as NewStar Commercial Loan Funding 2014-1. All floating rate classes of notes were priced at par and the... Read Story
April 24, 2014, 07:04 AM


NewStar Financial reported consolidated net income of $6.4 million for the fourth quarter of 2013. Net income excluding the results of the Arlington Fund, a consolidated variable interest entity ("VIE"), was $6.2 million. These results compare to net... Read Story
February 13, 2014, 07:23 AM


NewStar Financial announced it has served as lead arranger and administrative agent for a senior credit facilities totaling $38 million to support RLJ Equity Partners' ("RLJ") acquisition of Naylor, LLC ("Naylor"). Founded in 1969, Naylor provides... Read Story
January 10, 2014, 07:26 AM


NewStar Financial, Inc., a specialized commercial finance company, announced that it has amended an existing credit facility with Wells Fargo Bank N.A., increasing the commitment amount by $100 million to $275 million with an accordion feature that... Read Story
December 04, 2013, 07:55 AM


NewStar Business Credit has named Joe Kinkenon as executive vice president and chief credit officer.  Kinkenon will be responsible for all portfolio and credit functions for the division.Kinkenon joins NewStar from Regions Bank and has more than 25... Read Story
November 13, 2013, 06:24 AM


Bloomberg reported that NewStar Financial Inc., the business lender backed by private-equity firms Corsair Capital LLC and Capital Z Partners Management LLC, is exploring a sale. This is according to people with knowledge of the matter. NewStar is... Read Story
September 20, 2013, 08:03 AM


NewStar Financial completed a $400 million term debt securitization known as NewStar Commercial Loan Funding 2013-1. All classes of notes were priced at par and the transaction was upsized from $350 million, reflecting broad participation among... Read Story
September 13, 2013, 07:19 AM


NewStar Financial announced it has named banking veteran Pat McAuliffe to lead its Leveraged Finance business and added senior bankers, Eric Herr and Matt Colucci, to its Leveraged Finance origination team as managing directors. With the additions of... Read Story
June 05, 2013, 08:06 AM


NewStar Financial Inc. announced that it has amended and restated its senior secured notes to increase the amount to $200 million, extend the term to five years and reduce the interest rate among other things. The notes were rated BB- by Standard &... Read Story
May 17, 2013, 07:18 AM


NewStar Financial announced it hired banker Wes Frangul as a managing director in its Chicago office. Frangul will join Jason Wendorf and Eric Barton to broaden NewStar's regional marketing activities with responsibility for generating new financing... Read Story
April 15, 2013, 08:02 AM


NewStar Financial announced that it has formed a new managed credit fund, NewStar Arlington Fund LLC (the "Fund" or "Arlington"), in partnership with an institutional investor to co-invest in middle market commercial loans originated by NewStar. The... Read Story
April 09, 2013, 07:46 AM


NewStar Financial announced that it has hired veteran credit risk manager Dan McCready as chief credit officer. McCready joins NewStar from CIT Group where he was chief credit officer of CIT Corporate Finance. He has nearly 30 years of experience in... Read Story
March 26, 2013, 08:01 AM


NewStar Financial reported net income of $6.2 million for the fourth quarter of 2012. These results compare to net income of $6.4 million in the fourth quarter of 2011 and $6.1 million in the third quarter of 2012. Income before income taxes (pre-tax... Read Story
February 14, 2013, 08:07 AM


NewStar Financial reported net income of $6.1 million for the third quarter of 2012. These results compare to net income of $3.4 million in the third quarter of 2011 and $5.6 million in the prior quarter. Income before income taxes (pre-tax income)... Read Story
November 07, 2012, 07:57 AM


NewStar Financial amended its existing credit facility with Wells Fargo to increase its size by $25 million to $175 million and extend its reinvestment period and final maturity by three years among other things. The credit facility will be used to... Read Story
November 06, 2012, 07:44 AM