NewStar Financial Provides $22 Million Facility to Nudo Products, Inc.
NewStar Supports Leveraged Buyout by RFE Investment Partners
Boston, MA, April 23, 2008 NewStar Financial, Inc. (NASDAQ: NEWS), a Boston-based specialty finance company, announces that it has provided a senior secured credit facility to support the acquisition of Nudo Products, Inc. ("Nudo") by RFE Investment Partners ("RFE") and the company's management. Founded in 1979, RFE is a private equity firm based in New Canaan, CT with approximately $800 million of capital under management. The firm focuses on management led buy-outs and recapitalizations in the middle market, typically investing $5 million to $20 million of equity capital in its portfolio companies.Ned Truslow, a Partner at RFE, said, "The deal team at NewStar was able to respond immediately in a difficult credit market to structure and execute on the senior financing package. It was a pleasure working the experienced bankers at NewStar, who were able to quickly understand the business and deliver a well thought out financing package in less than two weeks."Nudo, based in Springfield, IL, is a leading manufacturer of laminated panel systems made of plastic, polyethylene, aluminum outer surfaces on wood, foam or gypsum cores utilized in a variety of agricultural, commercial and industrial applications.NewStar served as the Lead Arranger for the senior secured credit facilities, comprised of an $18 million term loan and a $4 million revolving credit facility. NewStar partnered with First Bank's Clayton, MO branch to provide the senior financing. Additionally, GarMark Advisors and Bank of New York provided mezzanine financing in the transaction.NewStar's deal team included Patrick McAuliffe, Peter Nightingale and Michael Purcell.About NewStar Financial, Inc.:
NewStar Financial (NASDAQ:NEWS) is a specialized commercial finance company focused on meeting the complex financing needs of companies and private investors in the middle markets. The Company specializes in providing senior secured debt financing for the acquisition or recapitalization of mid-sized companies and commercial real estate. NewStar originates loans directly through a team of experienced, senior bankers organized around key industry and market segments. The Company targets 'hold' positions of up to $20 million and selectively underwrites or arranges larger transactions for syndication to other lenders. NewStar is headquartered in Boston MA and has regional offices in Darien CT, Chicago IL, San Diego CA, and Charleston SC. For more detailed transaction and contact information, please
visit our website at www.newstarfin.com
Anne G. Bork
You are leaving the NewStar website and will be redirected to the U.S. Bank Trust Gateway Portal, where you will be required to provide a username and password to access CLO information relevant to your investment.