NewStar Business Credit Hires Steve Brown
NewStar Hires Steve Brown to Lead Southeast Region
NewStar Business Credit, a division of NewStar Financial, Inc. (Nasdaq:NEWS) announced today that it has hired Stephen Brown as a Senior Vice President and will open a new office in Atlanta, GA. Brown will expand NewStar Business Credit's marketing and origination efforts in the Southeastern Region with responsibility for generating new asset-based financing opportunities with middle market companies.Mr. Brown has more than 30 years of experience in structuring, originating and managing debt financings for middle market firms. Prior to joining NewStar, he was a Senior Vice President with Presidential Financial. Previously Mr. Brown has also represented Textron Financial, BMO (formerly Harris Bank) and GE both in origination and management capacities."Steve is well known in the Southeast Market and will be a great addition to our origination team," said Milton Iskra, EVP and National Marketing Manager for NewStar. "I have known Steve for a number of years, we have worked together in the past and I am excited about the opportunity to work together again. Steve 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 wide range of industries in the middle market. Newstar offers a variety of flexible financing options through a combination of revolving lines of credit and term loans, targeting deal sizes from $5 million to $25 million. 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, San Francisco, CA, Portland, OR, and Atlanta GA. For more detailed information about our product capabilities, as well as, recent transaction and contact information, please visit our website at www.newstarfin.com.