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NewStar Business Credit Provides $25MM Facility to Logistics Company

February 10, 2015, 08:03 AM
Filed Under: Transportation

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 facility will be used to support the company’s working capital and growth needs.

“We continue to focus on supporting the growth and working capital needs of middle-market companies nationwide. We like the transportation and logistics sector in particular as it provides essential services to companies operating in nearly every industry,” said NewStar EVP, Milton Iskra. 

Lisa Adams, a Senior Vice President located in NewStar’s San Francisco office, 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 $30 million.  Deal structures are flexible and tailored to meet each 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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