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NewStar Financial Participates in Recapitalization Financing for Grande Communications

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Boston, MA - NewStar Financial, Inc. (NASDAQ:NEWS), a Boston-based specialty finance company, announces that it has provided debt capital in support of a $122.5 million senior debt financing led by Societe Generale and SunTrust that supports the recapitalization of Grande Communications, a portfolio company of ABRY Partners.  Grande provides bundled packages of cable television, telephone and Internet to residential and small and medium-sized business customers in Texas. ABRY is a private investment firm located in Boston, MA that specializes in investments in the media, communications and information/business services sectors with approximately $2.75 billion of total capital under management.

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