BOSTON, January 25, 2011 -- NewStar Financial, Inc. (Nasdaq: NEWS), a specialized commercial finance
company, announced today that it has provided financing in support of Combined Systems, Inc. ("CSI")
refinance of existing senior and subordinated credit facilities. CSI, headquartered in Jamestown, PA,
develops, manufactures, and markets a broad range of non-lethal tactical munitions, pyrotechnics, crowd
control devices, 37mm and 40mm launchers, and rocket components that serve military and law
enforcement customers around the world. CSI is majority-owned by Point Lookout Capital Partners, a
private investment firm specializing in small and middle market investments in the United States and
"We are delighted to be associated with the exceptional people at CSI and Point Lookout Capital Partners,"
said Scott Poirier, Managing Director at NewStar. "This is our second completed transaction with CSI and we
are excited to support the next phase of their growth."
Michael Monteleone, Managing Partner of Point Lookout Capital Partners, commented that, “NewStar has
been a wonderful partner to CSI. Once again, they were able to tailor a financing structure that meets the
needs of CSI’s unique business model now and for the next several years.”
NewStar served as Sole Lender and Administrative Agent for the $15.0 million senior credit facilities
comprising a $12.5 million five-year term loan and a five-year $2.5 million revolving loan.
NewStar's deal team for the transaction included Scott Poirier and Charlie Christensen.
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 a range of senior secured debt financing options to mid-sized companies to fund
working capital, growth strategies, acquisitions and recapitalizations, as well as, equipment purchases.
NewStar originates loans and leases directly through teams of experienced, senior bankers and marketing
officers organized around key industry and market segments. The Company targets hold positions of up to
$20 million and will selectively underwrite or arrange larger transactions for syndication to other lenders.
NewStar offers asset-based loans through its wholly-owned subsidiary, CORE Business Credit. NewStar is
headquartered in Boston MA and has regional offices in Darien CT, Chicago IL, Dallas TX, Los Angeles CA,
Atlanta GA, and Houston TX. For more detailed information about our product capabilities, as well as, recent
transaction and contact information, please visit our website at www.newstarfin.com.