NewStar Financial Leads $22 Million Financing For the Acquisition of S. Walter Packaging
NewStar works with Brynwood Partners to complete transaction
Boston, MA December 12, 2006 NewStar Financial, Inc. (NASDAQ: NEWS), a commercial finance company, announced that it has provided the financing to support Brynwood Partners' acquisition of a majority ownership in S. Walter Packaging of Philadelphia, PA. S. Walter Packaging is a leading distributor of premium packaging to the retail industry.In conjunction with Brynwood's equity investment, NewStar was the sole lender for the $22 million senior credit facilities that included a 6-year, $6 million revolver and a 6-year, $16 million term loan."We are excited to complete our first transaction with Brynwood Partners and look forward to working with S. Walter Packaging, the premier supplier of retail, promotional and medical packaging in North America," said Pat McAuliffe, Managing Director at NewStar.Besides Pat McAuliffe, NewStar's deal team for this transaction included, Bruce Catania, Mike Grimes and Kristin Abels.About NewStar Financial, Inc.:
NewStar Financial, Inc. was formed in June 2004 by a group of senior banking and capital market executives from leading financial institutions, including FleetBoston Financial Group, 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.
Gaffney Bennett Public Relations