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NewStar Business Credit Provides $7.5MM to Corporate Call Center

April 03, 2013, 07:12 AM
Filed Under: Services

NewStar Business Credit provided a credit facilities totaling $7.5 million to Corporate Call Center (CCC). Headquartered in Blue Bell, PA, CCC is an outsourced contact center specializing in customer communications for the insurance and healthcare industries. CCC is a portfolio company of Guardian Capital Partners, a private equity firm based in Philadelphia. The credit facilities, which include revolving and term loans, will be used to meet working capital requirements and provide expansion capital to support growth.

“The NewStar team was a pleasure to work with; timely in their process and reliable in their delivery. We are looking forward to a longstanding relationship with Newstar as our business continues to grow,” stated Peter Haabestad, managing director of Guardian Capital Partners.

“We are pleased to have this opportunity to support Corporate Call Center’s growth and expand our relationship with Guardian Capital Partners,” stated NewStar EVP Milton Iskra. NewStar’s Nina Fairchild, an SVP located in Philadelphia, originated the transaction.

NewStar Business Credit provides asset-based and senior, secured “stretch” loans nationally to middle market companies with credit requirements between $5 million and $25 million. Deal structures are flexible and tailored to meet client’s unique needs. Funds can be used for a wide range of purposes, including strategic acquisitions, management buyouts, recapitalizations and refinancings, as well as, to support internal growth strategies.

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