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Dec 27, 2005

NewStar Financial Closes $7 Million Office Condominium Conversion Loan In Orlando

Boston, MA - December 28, 2005 - NewStar Financial, Inc. ("NewStar"), a Boston-based commercial finance company, announces that it has provided a $7,000,000 non-recourse, first mortgage loan to facilitate the condominium conversion of Crossroad Business Center, a 78,000 square-foot office building in Winter Park, Florida.

The property is owned by the Adler Group, a third generation full service real estate company operating its 4 million square feet portfolio under the brand name, FlexxSpace. The Adler Group has been the owner of the property since 2001.

Crossroads is a single story, multi-tenant office property with a history of stable occupancy and cash flow. The Adler Group identified this asset for condominium conversion after receiving interest from several tenants who appreciated its prestigious Winter Park address, high-traffic location and single story layout. In NewStar, the Adler Group sought a lender who could underwrite the office condominium market and provide terms that would facilitate the conversion of their property while providing flexibility to allow for future development on surplus land.

According to Matthew Adler of the Adler Group, "NewStar has provided us with a custom-crafted loan that will allow us to deliver desirable office condominium product to the greater Orlando market, while also allowing us the opportunity to develop our property further."

The NewStar loan provides an initial funding to refinance existing debt and secondary fundings for capital improvements as part of the sales program. The facility was structured with a 24 month base term and one twelve-month extension option to allow ample time for the Adler Group to market the property to prospective purchasers. In addition, NewStar provided for partial lien releases on sold condominium units and on the undeveloped portion of the site.

Paul Stasaitis of HFF, LP acted as exclusive financial advisor to the borrower on the Crossroads loan. HFF, LP was selected to service the loan on behalf of NewStar. NewStar's deal team for this transaction included Jim Korinek, Gabriel Pozo and Joseph Turilli.

About NewStar Financial, Inc.:

NewStar Financial, Inc. was formed in June 2004 by a group of senior banking and capital markets executives from leading financial institutions, including FleetBoston Financial, Citigroup and JP Morgan Chase, and leading institutional investors including Capital Z Partners, JP Morgan Corsair Capital Partners and Och-Ziff Capital Management Group. NewStar is focused exclusively on providing customized financing solutions to mid-sized borrowers in three lending groups: Middle Market Corporate, Commercial Real Estate, and Structured Products. For more information, please contact the appropriate individual below.

Corporate Inquiries: NewStar Financial Scott Poirier (617) 848-2525

Press-Related Inquiries: Gaffney Bennett Public Relations Chris Riley (860) 690-0856

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Dec 14, 2005

NewStar Financial Provides Hampshire Equity Partners With Financing For Latest Acquisition

Boston, MA, December 15, 2005 - NewStar Financial, Inc. ("NewStar"), a Boston-based commercial finance company, announces that it has provided financing to support the acquisition of U.S. Block Windows, Inc. ("U.S. Block Windows") by Hampshire Equity Partners.

U.S. Block Windows is a leading national specialty manufacturer of customized pre-framed acrylic and glass block windows and interior shutters. With fourteen patents issued, and more pending, U.S. Block Windows has led the block window market since the company's inception in 1996. The company has a national presence with manufacturing plants in Florida and Arizona and a national sales and distribution network.

NewStar was sole lender for the $11.5 million credit facilities that included a five-year $1.5 million revolving loan and a five-year $10 million term loan.

"This transaction is another example of the NewStar approach - understanding and meeting the needs of our clients," said Tim Conway, chief executive officer of NewStar. "With the successful completion of this acquisition, we look forward to working with Hampshire Equity Partners again in the future."

NewStar's deal team for the transaction included Pat McAuliffe, Paul Feloney, Scott Trefry and Dipen Patel.

About NewStar Financial, Inc.:

NewStar Financial, Inc. was formed in June 2004 by a group of senior banking and capital markets executives from leading financial institutions, including FleetBoston Financial, Citigroup and JP Morgan Chase, and leading institutional investors including Capital Z Partners, JP Morgan Corsair Capital Partners and Och-Ziff Capital Management Group. NewStar is focused exclusively on providing customized financing solutions to mid-sized borrowers in three lending groups: Middle Market Corporate, Commercial Real Estate, and Structured Products. For more information, please contact the appropriate individual below.

Corporate Inquiries: NewStar Financial Scott Poirier (617) 848-2525

Press-Related Inquiries: Gaffney Bennett Public Relations Chris Riley (860) 690-0856

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Dec 06, 2005

NewStar Financial Provides $12.5 Million Financing For Senior Care Centers Of America

Boston, MA, December 7, 2005 - NewStar Financial, Inc. ("NewStar"), a Boston-based specialty finance company, announces that it has provided financing to support Clearview Capital's ("Clearview") acquisition of Senior Care Centers of America, Inc. ("Senior Care" or the "Company"). Clearview, based in Old Greenwich, CT, is a leading private equity investor in the middle market.

Senior Care, which was founded in 1988, provides adult day health services at 20 centers located in New Jersey, Pennsylvania, Maryland, Connecticut and Mississippi. The Company is the leading independent provider in its core markets. Each adult day health center enables frail, elderly or disabled adults to live at home and remain independent in their communities while receiving health care and supervision during the day.

NewStar served as Sole Lender and Administrative Agent for the senior credit facilities comprising a five-year $1.5 million revolving credit facility and $11 million five-year term loan.

"This transaction allowed NewStar to put our understanding of a unique and growing segment of the healthcare marketplace to work for the benefit of our client," said Managing Director Greg Pachus of NewStar. "NewStar was a true value-added partner throughout this process and very helpful in structuring the debt deal," said Bill Case, Principal at Clearview.

Joining Pachus on NewStar's deal team were Rob Hornstein, Keith Cox, and Dipen Patel.

About NewStar Financial, Inc.:

NewStar Financial, Inc. was formed in June 2004 by a group of senior banking and capital markets executives from leading financial institutions, including FleetBoston Financial, Citigroup and JP Morgan Chase, and leading institutional investors including Capital Z Partners, JP Morgan Corsair Capital Partners and Och-Ziff Capital Management Group. NewStar is focused exclusively on providing customized financing solutions to mid-sized borrowers in three lending groups: Middle Market Corporate, Commercial Real Estate, and Structured Products. For more information, please contact the appropriate individual below.

Corporate Inquiries: NewStar Financial Scott Poirier (617) 848-2525

Press-Related Inquiries: Gaffney Bennett Public Relations Chris Riley (860) 690-0856

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Oct 31, 2005

NewStar Financial Arranges Financing For Zenith Products Corporation

Boston, MA, November 1, 2005 - NewStar Financial, Inc. ("NewStar"), a Boston-based specialty finance company, announces that it has provided a senior credit facility to support Charlesbank Capital Partners' ("Charlesbank") acquisition of Zenith Product Corporation ("Zenith" or the "Company") from Masco Corporation. Charlesbank, also based in Boston, is a leading private equity investor in the middle market.

Zenith, which was founded in 1946, has developed a full suite of bathroom-related products and is a leading manufacturer of bathroom storage and organizational products. It manufactures a variety of finishes, materials, sizes, and innovative designs that enable homeowners to make maximum use of bathroom space. Zenith's products are distributed nationally through home centers, mass merchants, and bath specialty shops.

NewStar served as Joint Lead Arranger and Administrative Agent for the senior credit facilities comprised of a revolving credit facility, a five-year term loan, and a six-year term loan. The amount and terms of the senior facilities, subordinated debt, and equity investments were not disclosed.

NewStar was assisted in the structuring and syndication of the transaction by Madison Capital Funding LLC, who was Joint Lead Arranger and Syndication Agent for the transaction. Other investors included Friedberg Milstein, Golub Capital, and GSC Partners.

"It was a pleasure to work with Charlesbank on the transaction," said Managing Director Mark Cordes of NewStar, "The financing demonstrates NewStar's ability to successfully arrange and execute on larger transactions for leading private equity firms. The facilities also exhibit the firm's ability to bring together a diverse group of financial institutions as a result of deep relationships with the leveraged finance community."

"Newstar was a true value-added partner throughout this process and very helpful in structuring the debt deal," said Jon Biotti, Vice President at Charlesbank.

Joining Cordes on NewStar's deal teal for the transaction were Rob Hornstein, Keith Cox, Michael Purcell, and Jason Andreotes.

About NewStar Financial, Inc.:

NewStar Financial, Inc. was formed in June 2004 by a group of senior banking and capital markets executives from leading financial institutions, including FleetBoston Financial, Citigroup and JP Morgan Chase, and leading institutional investors including Capital Z Partners, JP Morgan Corsair Capital Partners and Och-Ziff Capital Management Group. NewStar is focused exclusively on providing customized financing solutions to mid-sized borrowers in three lending groups: Middle Market Corporate, Commercial Real Estate, and Structured Products. For more information, please contact the appropriate individual below.

Corporate Inquiries: NewStar Financial Scott Poirier (617) 848-2525

Press-Related Inquiries: Gaffney Bennett Public Relations Chris Riley (860) 690-0856

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Oct 24, 2005

NewStar Financial Is Syndication Agent On $40 Million Financing For Wilks Broadcast Group

Boston, MA, October 24, 2005 - NewStar Financial, Inc. ("NewStar"), a Boston-based specialty finance company, announces that it is Syndication Agent on a new $40 million financing to support the acquisition of eight radio stations by Wilks Broadcast Group, LLC. ("Wilks" or the "Company"), a portfolio company of The Wicks Group of Companies, L.L.C. ("Wicks") of New York.

Wilks is a radio broadcasting entity established in early 2005 by Wicks and Jeff Wilks to acquire and operate stations in mid-sized radio markets across the country. Wilks is acquiring four stations in Reno, Nevada and four stations in Lubbock, Texas from NextMedia Group, Inc. The Company also acquired three FM radio stations in the Fresno, California market in June, 2005.

The radio stations involved in this transaction are KTHX-FM, KRZQ-FM, KJZS-FM, and KURK-FM in Reno and KLLL-FM, KMMX-FM, KONE-FM, and KBTE-FM in Lubbock.

The senior secured credit facilities include a $5 million revolver and $35 million term loan. Both tranches mature in five years.

"NewStar is thrilled to be working with Jeff Wilks, a proven operator with an impressive record of developing radio stations in mid-sized markets," said David Dobies, managing director and co-head of middle market originations at NewStar. "This deal was also a great opportunity for us to work with a top-tier equity sponsor in The Wicks Group."

NewStar's deal team for the transaction included David Dobies, Rob Milordi, Andre Paquette and Dipen Patel.

About NewStar Financial, Inc.:

NewStar Financial, Inc. was formed in June 2004 by a group of senior banking and capital markets executives from leading financial institutions, including FleetBoston Financial, Citigroup and JP Morgan Chase, and leading institutional investors including Capital Z Partners, JP Morgan Corsair Capital Partners and Och-Ziff Capital Management Group. NewStar is focused exclusively on providing customized financing solutions to mid-sized borrowers in three lending groups: Middle Market Corporate, Commercial Real Estate, and Structured Products. For more information, please contact the appropriate individual below.

Corporate Inquiries: NewStar Financial Scott Poirier (617) 848-2525

Press-Related Inquiries: Gaffney Bennett Public Relations Chris Riley (860) 690-0856

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Oct 18, 2005

Newstar Financial Provides $5 Million Loan To Strong Capital Funding - 2005, LP

Boston, MA October 18, 2005 - NewStar Financial, Inc. (“NewStar”), a Boston-based commercial finance company, announces that it has provided $5 million in asset-backed financing to Strong Capital Funding – 2005, LP (the “Trust”). The Trust holds assets originated and contributed by Strong Capital (“Strong”), an aggregator and servicer of surplus railroad assets. Based in Dallas, Texas, Strong was formed in 2001. NewStar acted as sole lender on the 8-year senior secured loan.

According to Howard Armistead of Strong, “The NewStar team quickly discerned the key points of the transaction and had the capital and flexibility to make this deal work for us.”

“We were impressed with Strong’s management team and their track record,” said Buck Burnaman, managing director and head of structured products at NewStar Financial. “We look forward to conducting additional business with Strong in the future.”

NewStar’s deal team for the transaction included Tom Calhoun, Samuel Belu-John, Robert Buzdon, and Cyrus Zahedi.

About NewStar Financial, Inc.:
NewStar Financial, Inc. was formed in June 2004 by a group of senior banking and capital markets executives from leading financial institutions, including FleetBoston Financial, Citigroup and JP Morgan Chase, and leading institutional investors including Capital Z Partners, JP Morgan Corsair Capital Partners and Och-Ziff Capital Management Group. NewStar is focused exclusively on providing customized financing solutions to mid-sized borrowers in three lending groups: Middle Market Corporate, Commercial Real Estate, and Structured Products. For more information, please contact the appropriate individual below.

Corporate Inquiries:
NewStar Financial
Scott Poirier
(617) 848-2525
Press-Related Inquiries:
Gaffney Bennett Public Relations
Annie Donnelly
(860) 416-1365
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Oct 04, 2005

NewStar Financial Is Co-Agent On $40 Million Senior Financing For Wood Structures, Inc.

Boston, MA, October 4, 2005 – NewStar Financial, Inc. (“NewStar”), a Boston-based specialty finance company, announces that it has provided financing to support the acquisition of Wood Structures, Inc. (“WSI” or the “Company”) of Biddefort, Maine by Roark Capital Group (“Roark”) of Atlanta. WSI is New England’s dominant designer and manufacturer of wood roof trusses, floor trusses, and wall panels and the regions largest distributor of engineered wood products to lumber yards in the New England region.

WSI, which has been in business since 1966, serves the entire NE wood frame construction market, including single and multi-family residential and commercial construction.

NewStar was Co-Agent for the $40 million senior secured credit facilities comprising a five-year $10 million revolving loan, a five-year $11.5 million term loan A, and a six-year $18.5 million term loan B. NewStar partnered with lead arranger ORIX on this transaction.

“NewStar is pleased to be working with an industry leader like Wood Structures and a top tier sponsor like Roark,” said Robert Kosian, managing director of middle market originations at NewStar. “We’re backing an outstanding management team in this transaction, one with a consistent track record of generating strong cash flows.”

Joining Kosian on NewStar’s deal team for the transaction were Pem Covington, David Belanger, and John Bosco.

About NewStar Financial, Inc.:

NewStar Financial, Inc. was formed in June 2004 by a group of senior banking and capital markets executives from leading financial institutions, including FleetBoston Financial, Citigroup and JP Morgan Chase, and leading institutional investors including Capital Z Partners, JP Morgan Corsair Capital Partners and Och-Ziff Capital Management Group. NewStar is focused exclusively on providing customized financing solutions to mid-sized borrowers in three lending groups: Middle Market Corporate, Commercial Real Estate, and Structured Products.

Corporate Inquiries:
NewStar Financial
Scott Poirier
(617) 848-2525

Press-Related Inquiries:
Gaffney Bennett Public Relations
Chris Riley
(860) 690-0856

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Oct 04, 2005

NewStar Financial Is Joint-Lead On $68 Million Senior Financing For RMS

Boston, MA, October 4, 2005 - NewStar Financial, Inc. ("NewStar"), a Boston-based specialty finance company, announces that it has provided financing to support the acquisition of Receivable Management Services Corporation ("RMS") by Citigroup Venture Capital International ("CVCI"). RMS is a leading global supplier of accounts receivable management and collection services to Fortune 500 companies. The Company provides collection services, demand letters, complete accounts receivable outsourcing, invoicing solutions, electronic bill presentment, deductions management, and bankruptcy services. RMS has been in business as a standalone entity since 2001 and previously as an operating unit of D&B. Dymas Capital also acted as the Joint Lead Arranger on the deal.

"NewStar is delighted to work with a top tier sponsor like CVCI to support RMS, an industry leader who has been in business for over a century. RMS has an outstanding management team with a consistent track record of generating strong free cash flows," said Tim Shoyer, Co-head of middle market originations at NewStar.

Joining Shoyer on NewStar's deal team were Paul Feloney, Andre Paquette, and John Bosco.

About NewStar Financial, Inc.:

NewStar Financial, Inc. was formed in June 2004 by a group of senior banking and capital markets executives from leading financial institutions, including FleetBoston Financial, Citigroup and JP Morgan Chase, and leading institutional investors including Capital Z Partners, JP Morgan Corsair Capital Partners and Och-Ziff Capital Management Group. NewStar is focused exclusively on providing customized financing solutions to mid-sized borrowers in three lending groups: Middle Market Corporate, Commercial Real Estate, and Structured Products. For more information, please contact the appropriate individual below.

Corporate Inquiries:
NewStar Financial
Scott Poirier
(617) 848-2525

Press-Related Inquiries:
Gaffney Bennett Public Relations
Chris Riley
(860) 690-0856

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