NewStar Business Credit, a division of NewStar Financial, Inc. (Nasdaq:NEWS) announced today that it has hired Lisa DeSantis Adams as a Senior Vice President and will open new offices in San Francisco, CA and Portland, OR. Adams will expand NewStar Business Credit's marketing and origination efforts in the West Coast region with responsibility for generating new asset-based financing opportunities with middle market companies.
Ms. Adams has more than 20 years of experience in structuring, originating and managing debt financings for middle market firms. Prior to joining NewStar, she was a Vice President with Union Bank Commercial Finance with responsibility for all phases of the lending process. Previously, Ms. Adams worked for Wells Fargo Capital Finance, Merrill Lynch Healthcare Finance and BMO (formerly Harris Bank).
"I am very happy to be part of a growth platform with NewStar's asset-based lending team. After working for years with middle market companies to provide financing solutions, I believe that NewStar Business Credit offers a great platform for me to provide creative and flexible asset-based financing options to midsized companies in the West Coast marketplace."
"Lisa is well known in the West Coast market and will be a great addition to our origination efforts in the region," said Milton Iskra, EVP and National Marketing Manager for NewStar. "I have known Lisa for a number of years, and am excited to have her join us. She adds substantial depth to our team with a valuable combination of marketing coverage, credit skills and deal execution experience." NewStar Business Credit provides asset-based loans to mid-sized companies operating across a variety of industries nationwide. Deals typically range in size from $5 million to $25 million and are structured to meet the unique needs of each client through a combination of revolving lines of credit and term loans.
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 $30 million and will selectively underwrite or arrange larger transactions for syndication to other lenders. NewStar is headquartered in Boston MA and has regional offices in Darien CT, Chicago IL, Dallas TX, Los Angeles CA, Portland OR and San Francisco CA. For more detailed information about our product capabilities, as well as, recent transaction and contact information, please visit our website at www.newstarfin.com.