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NewStar Business Credit Closes $15MM Credit for Atlas Group

November 04, 2015, 07:27 AM
Filed Under: Manufacturing

NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc. announced today that it has provided a $15 million credit facility to Atlas Group (“Atlas” or the “Company”).

Headquartered in Wichita, KS, Atlas specializes in complex machining and assembly of new and replacement aerospace structures for commercial, business and defense aircrafts.  Atlas is a portfolio company of Graham Partners, a private equity firm focused on high growth consumer and industrial manufacturing companies.  The revolving credit facility will be used to refinance certain existing debt and support the company’s working capital needs and continued growth.

“We are happy for the opportunity to work with a great management group as well as Graham Partners. The manufacturing sector is a key driver of employment and remains the backbone of the US economy,” said NewStar EVP, Milton Iskra.

NewStar Business Credit provided the revolving credit facility in conjunction with term loans provided by NewStar Leverage Finance and strategic partner, GSO Capital.

NewStar Business Credit provides asset-based and senior, secured “stretch” loans nationally to middle market companies with credit requirements between $5 million and $35 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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