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NewStar Financial Leads $26,000,000 in Senior Financing for MooreCo L.P.

NewStar backs Leveraged Buyout by Webster Capital

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Boston, MA, October 18, 2007 – NewStar Financial, Inc. (NASDAQ: NEWS), a Boston-based specialty finance company, announces that it has provided financing on $26.0 million of senior credit facilities to support the acquisition of MooreCo L.P. ("MooreCo") by Webster Capital ("Webster"). MooreCo, headquartered in Temple, TX, develops and markets a broad range of furniture and equipment for the educational, commercial and religious markets under the Best-Rite, Balt and Trinity brand names. MooreCo's products include marker boards, easels, workstations, AV carts, lecterns and chairs with various ergonomic features. NewStar served as the Lead Arranger and Administrative Agent for the $26 million senior secured credit facilities, comprised of a revolving credit facility and a term loan. Don Steiner, Managing Partner at Webster Capital said, "NewStar was a true value-added partner. The deal team was very flexible in addressing our main concerns throughout the process.""MooreCo has a proven reputation for providing the educational and office furniture markets with high quality, innovative products at competitive prices," said Pat McAuliffe, Managing Director at NewStar Financial. "We are excited about the opportunity to finance the acquisition of MooreCo. Webster is a top-tier sponsor and has extensive experience in the distribution and catalog industry." NewStar's deal team included Patrick McAuliffe, Bruce Catania, Michael Purcell, Christopher Dias and Nicholas Ganias.About NewStar Financial, Inc.:

NewStar Financial is a specialized commercial finance company focused principally on meeting the complex financing needs of customers in the middle market through our corporate, commercial real estate, and structured products groups. Our senior banking teams call directly on customers to provide advice and finance a range of strategic transactions that may require some combination of senior secured, second lien and mezzanine financing. NewStar typically works with customers with financing needs of up to $150 million and cash flow as low as $5 million. We target 'hold' positions of up to $35 million, but may also underwrite or arrange transactions up to $100 million for syndications to other lenders.

We are headquartered in Boston MA, with regional offices in Darien CT, Chicago IL, San Francisco CA, San Diego CA, and Charleston SC. In December of 2006, NewStar completed an Initial Public Offering. The Company's shares trade on the NASDAQ under the ticker symbol, NEWS. Please visit our website at for more detailed transaction and contact information.

Corporate Inquiries:

NewStar Financial

Anne G. Bork

(617) 848-4318
Press-Related Inquiries:

Gaffney Bennett Public Relations

Annie Donnelly
(860) 416-1365

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