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NewStar Financial Provides Subordinated Loan In Warehouse Facility For Equilease

NewStar works with DZ Bank in commercial paper conduit transaction

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Boston, MA, May 10, 2005 - NewStar Financial, Inc. ("NewStar"), a Boston-based commercial finance company, announces that it has provided financing to Equilease Financial Services, Inc. ("EQFS" or "Equilease") as part of a $100 million lease-backed commercial paper conduit transaction. NewStar partnered with Autobahn Funding Company, LLC as lenders in a deal agented by DZ Bank AG Deutsche Zentral-Genossenschaftsbank. This transaction further supports Equilease's business strategy of providing equipment leasing and financing to privately held companies and small publicly traded businesses. NewStar provided $10 million of subordinated debt in the transaction.



Gary Silverhardt, President of EQFS said "The growth of all of our business lines will be further enhanced as a result of the new facility." Buck Burnaman, Managing Director of NewStar commented "We were impressed with the quality of Gary's team and look to make a meaningful contribution to EQFS growth and development by providing capital to the company."



NewStar's deal team for the transaction included Tom Calhoun, Peter Benham, Sam Belu-John, and Cyrus Zahedi.



EQFS provides small and mid ticket equipment lease and finance solutions to businesses nationwide, directly thru Vendors and End Users, focusing on income producing equipment, thereby supporting the growth and expansion of its customers. EQFS currently provides leasing and financing to Companies in the construction, transportation, machine tool, printing and other capital intensive industries. Equilease's principal corporate office is in South Norwalk, Connecticut and it has branch offices in nine states.



About NewStar Financial, Inc.:



NewStar Financial, Inc. was formed in June 2004 by a group of senior banking and capital markets executives from leading financial institutions, including FleetBoston Financial, Citigroup and JP Morgan Chase, and leading institutional investors including Capital Z Partners, JP Morgan Corsair Capital Partners and Och-Ziff Capital Management Group. NewStar is focused exclusively on providing customized financing solutions to mid-sized borrowers in three lending groups: Middle Market Corporate, Commercial Real Estate, and Structured Products. For more information, please contact the appropriate individual below.



Corporate Inquiries:
NewStar Financial
Scott Poirier
(617) 848-2525


Press-Related Inquiries:
Gaffney Bennett Public Relations
Chris Riley
(860) 690-0856


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