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Dec 28, 2006

NewStar Financial Supports $73,500,000 In Senior Financing To TIDI Products

Boston, MA, December 29, 2006 – NewStar Financial, Inc. (NASDAQ: NEWS), a Boston-based specialty finance company, announces that it is Syndication Agent on a new $73.5 million financing to support the acquisition of TIDI Products, LLC ("TIDI") by Beecken Petty O'Keefe & Company ("BPOC"). TIDI, headquartered in Neenah, WI, is a leading manufacturer of single-use infection control-products for medical and dental distribution. Products include patient exam gowns, examination-table paper, dental bibs, gauze sponges and thermometer sheaths. TIDI's customers include numerous leading healthcare and dental product distributors. Freeport Financial was the Lead Arranger on the $73.5 million financing, which comprises of a $10.0 million revolving credit facility, a $56.0 million term loan A and a $7.5 million last-out term loan. Also joining in the financing as Documentation Agent is CapitalSource Finance."TIDI Products is a great new company relationship for NewStar," said Gregory Pachus, head of NewStar's Middle Market Healthcare group. "TIDI is a leader in the medical and dental infection control paper products manufacturing industry, led by a seasoned and experienced management team and boasting strong market share, long-term client relationships and high-quality products. Beecken Petty is a well-known and knowledgeable sponsor in the healthcare space, and we are very excited about supporting this transaction as it moves forward."Gregory Moerschel, Partner at BPOC said, "We were pleased with NewStar's healthcare expertise that allowed them to work quickly and in sync with Freeport to complete the transaction. We're excited to be working with lenders who truly understand our business."Led by Managing Director Gregory Pachus, NewStar's healthcare deal team consisted of Robert Hornstein and Ernie Panos with analyst support from Dipen Patel and Nicole Gain. About NewStar Financial, Inc.:
NewStar Financial, Inc. was formed in June 2004 by a group of senior banking and capital market executives from leading financial institutions, including FleetBoston Financial Group, 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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Dec 28, 2006

NewStar Financial Closes $14.4 Million Loan On 101 North Main Street In Greenville, South Carolina

Boston, MA – December 29, 2006 – NewStar Financial, Inc. ("NewStar"), a Boston-based specialty finance company, announces that it has provided $14,400,000 in non-recourse, first mortgage loan financing on 101 North Main Street, a 15-story, 191,181 sq ft office building in Greenville, South Carolina. The property is owned by a Greenville based investor group led by John Boyd, CEO of TIC Properties. The NewStar loan provides the sponsors with funds to refinance the existing debt on the property as well as additional capital for building renovations and leasing costs. The Sponsor will use the NewStar proceeds to upgrade the property to Class A space through the remodeling of the main lobby, front façade and common areas. "Ed Terry and his team at NewStar were able to customize a loan structure that made sense for the renovation and repositioning of this asset. This structure will allow the borrowers to take full advantage of an undervalued property", says Matt Good, Senior Vice President of Professional Mortgage Company, Inc.Professional Mortgage Company, Inc. acted as exclusive financial advisor to the borrowers. Professional Mortgage, a Greenville-based mortgage banking firm active throughout the Southeast, will service the loan on behalf of NewStar. "We had numerous lenders interested in our project but NewStar quickly established themselves with their creativity and flexibility. We are pleased to have them involved in this project" added Mr. Boyd.NewStar's deal team for the transaction included Ed Terry, Carolyn Pianin, and Evan Turner.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. NewStar is focused exclusively on providing customized financing solutions to mid-sized borrowers in three dedicated 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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Dec 28, 2006

NewStar Financial Closes $8.95 Million Loan For 60 Maple Street In Mansfield, Massachusetts

Boston, MA – December 29, 2006 – NewStar Financial, Inc. ("NewStar"), a Boston-based specialty finance company, announces that it has provided $8,955,000 in non-recourse, first mortgage loan financing for 60 Maple Street, a two-story, 231,000 sq ft industrial building in Mansfield, MA. The property was purchased by Calare Properties, a real estate investment firm based in Hudson, Massachusetts.The NewStar loan provides the sponsors with funds to purchase the property as well as additional capital for building renovations and leasing costs. Frank Petz of CBRE – L.J. Melody acted as exclusive financial advisor to the borrowers and will service the loan on behalf of NewStar. "Tristan Pierce and the entire NewStar team displayed creativity and flexibility in the structuring, underwriting and closing of their loan under a tight year end timeframe. NewStar's ability to deliver a customized loan, in line with our expectations, affords Calare the greatest opportunity to uncover the real value of this property. After considering several lenders, we quickly determined that NewStar offered the most beneficial and ambitious opportunity due to their underwriting platform. We are pleased to have them involved in this project," said Brian Poitras, Senior Vice President of Calare Properties, Inc.NewStar's deal team for the transaction included Tristan Pierce, Susan Strader and Evan Turner.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. NewStar is focused exclusively on providing customized financing solutions to mid-sized borrowers in three dedicated 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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Dec 27, 2006

NewStar Financial Closes $20.963 Million Loan On 18551 Beaumont Highway, In Houston Texas

Boston, MA, December 28, 2006 – NewStar Financial, Inc. ("NewStar"), a Boston-based specialty finance company, announced that it has provided $20,963,000 in non-recourse, first mortgage loan financing on 18551 Beaumont Highway, a 994 acre industrial complex with over 660,000 sq ft of warehouse space in Houston, TX. The property is owned by a CalTex Holdings LP, a joint venture between WorldWide Services LLC and Sierra Mesa LLC. The NewStar loan provided the sponsors with funds to acquire the property as well as additional capital for base building improvements, leasing costs and working capital to extract on-site scrap metal and equipment for sale. Live Oak Capital ("Live Oak") acted as exclusive financial advisor to the borrower. Live Oak, a Houston-based mortgage banking firm active throughout the country, will service the loan on behalf of NewStar. "Tristan Pierce and his team at NewStar were able to quickly get their arms around this complicated asset and structure a loan that made sense for CalTex. This structure will allow the borrowers to take full advantage of this property", stated Rob LaRue of Live Oak."Since this was WorldWide Services first time purchasing a property of such size and complexity in addition to a hard year end closing date, we needed a lender we could rely on for creativity, adaptability and flawless execution" said Brad Smith, Vice President of World Wide Services. NewStar's deal team for the transaction included Tristan Pierce, Susan Strader, Carolyn Pianin, and Evan Turner.About NewStar Financial, Inc.:
NewStar Financial, Inc. was formed in June 2004 by a group of senior banking and capital market executives from leading financial institutions, including FleetBoston Financial Group, 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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Dec 20, 2006

NewStar Financial Leads $31 Million Second Lien Financing for Berkshire Blanket, Inc.

(Boston, MA - - December 21, 2006) – NewStar Financial, Inc.(NASDAQ: NEWS), a commercial finance company, announced it has provided a senior debt refinancing for Berkshire Blanket, Inc. ("Berkshire"). Berkshire Blanket Inc., based in Ware, MA, is one of the nation's leading designers and marketers of premium quality blankets, throws and bedroom related products. The Company is majority owned by Cordova, Smart & Williams, LLC, ("CSW") a New York based private equity firm specializing in buyouts, recapitalizations and growth capital financings."We are pleased to begin a relationship with CSW and the excellent management team at Berkshire. We look forward to meeting the Company's future capital needs as it pursues growth opportunities," said Tim Shoyer, Co-Head of middle market originations at NewStar.NewStar was the Lead Arranger and Administrative Agent for the $31 million second lien senior credit facilities that included a 5-year, $18.0 million Term Loan A and a 5-year, $13.0 million Term Loan B. The second lien term loans were provided in conjunction with a first lien revolving loan arranged by Wachovia Bank.NewStar's deal team for this transaction included Tim Shoyer, Walter Marullo, Ken Pulido and John Koehler.About NewStar Financial, Inc.: NewStar Financial, Inc. was formed in June 2004 by a group of senior banking and capital market executives from leading financial institutions, including FleetBoston Financial Group, Citigroup and JPMorgan 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. (NEWS-G)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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Dec 18, 2006

NewStar Financial Announces Closing of Initial Public Offering and Underwriters' Exercise of Option to Purchase Additional Shares

(Boston, MA - - December 19, 2006) – NewStar Financial Inc.(NASDAQ: NEWS), a commercial finance company, announced today the completion of its initial public offering of 12,000,000 shares of its common stock priced at $17.00 per share. NewStar sold all of the shares in the offering. NewStar also announced today that the underwriters of its initial public offering exercised in full their option to purchase an additional 1,800,000 shares of common stock from NewStar. The sale of the additional 1,800,000 shares was completed today as well.

Goldman, Sachs & Co. and Morgan Stanley & Co. Incorporated were joint bookrunning managers on the transaction. Citigroup Global Markets Inc. and Wachovia Capital Markets, LLC were joint lead managers.

A copy of the final prospectus related to this offering may be obtained from Morgan Stanley & Co. Incorporated, Attn: Prospectus Delivery Department at 1585 Broadway, New York, NY 10036, by telephone at (212) 761-6775, or by email at prospectus@morganstanley.com; or from Goldman, Sachs & Co., Attn: Prospectus Dept. at 85 Broad St., New York, NY 10004, by fax at (212) 902-9316 or by email at prospectus-ny@ny.email.gs.com.

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

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 dedicated 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
Patrick Kinney
(860) 989-9549

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Dec 14, 2006

NewStar Financial Provides $17 Million Financing For The Acquisition Of Silent Preferred Partners

Boston, MA, December 15, 2006 – NewStar Financial, Inc. (NASDAQ: NEWS), a Boston-based specialty finance company, announces that it has provided the financing to support Audax Group's acquisition of Silent Preferred Partners, LLC ("SPP").

Silent Preferred Partners LLC ("SPP") headquartered in Salem, Virginia, operates two facilities in the United States and one in Canada that assemble axles, chassis, and diesel engines for Class 8 truck manufacturers. SPP's assembly work is complex and highly customized, with more than 200 assembly operations per unit and more than 95% of daily production consisting of unique configurations. Jerry M. Callahan, Chief Executive Officer of SPP, will continue to lead the management team.

NewStar was sole lender for the new $17 million senior secured credit facilities which included a 5-year $5 million revolver and a 5-year $12 million term loan.

"This transaction is a great example of NewStar's flexible approach and our ability to meet the complex financing needs of our clients," said Tim Shoyer, co-head of middle market originations of NewStar. "SPP is led by a strong operator with great experience and we look forward to working with Audax and the management team going forward."

NewStar's deal team for this transaction included Tim Shoyer, Paul Feloney, Scott Trefry and Mahesh Ramchandani.

About NewStar Financial, Inc.:
NewStar Financial, Inc. was formed in June 2004 by a group of senior banking and capital market executives from leading financial institutions, including FleetBoston Financial Group, 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.

About Audax Group:
Audax Group, founded in 1999, is a leading investor in middle market companies. With offices in Boston and New York, Audax manages in excess of $2.4 billion in equity and mezzanine debt capital. For more information visit the Audax Group website www.audaxgroup.com.
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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Dec 12, 2006

NewStar Financial Closes $11,275,000 Loan On Camel 19 And Parkwood Plaza Office Buildings In Phoenix

Boston, MA – December 13, 2006 – NewStar Financial, Inc. ("NewStar"), a Boston-based commercial finance company, announces that it has provided $11,275,000 in non-recourse, first mortgage loan financing on Camel 19, two, Class B, office buildings totaling 86,816 sf, as well as Parkwood Plaza, a medical office building totaling 64,509 sf. All buildings are located in Phoenix, Arizona. The property is owned by a venture that is led by Will Jones of WJ Commercial Enterprises, a commercial real estate brokerage and investment management firm based in Solana Beach, California. George O'Connell of Churchill Mortgage of Arizona, a Phoenix-based mortgage banking firm active throughout the Southwest, acted as the exclusive financial advisor to the borrower and will service the loan on behalf of NewStar. The venture acquired the properties in 2005 and has recently completed a substantial leasing program including the additions of Imagine Schools and the American Institute of Medical-Dental Technology. The properties are currently 87% occupied. The NewStar loan provided proceeds to refinance the existing property financing and provide capital for completion of tenant installation, leasing commissions and capital improvements. George O'Connell noted that "NewStar was able to see the positive nature of the transaction even though it presently is in a state of considerable flux. Construction is taking place not only on the improvements themselves but also on the main road providing access to the property. A light rail system is being developed in Phoenix and surrounding cities and it happens to be coming right by the subject which has caused considerable traffic disturbance. NewStar was able to see the end result which is continued leasing and full buildings within the relatively near future."The facility was structured with a two-year term and two one-year extension options to allow sufficient time for WJ Commercial to market the available space to new tenants. NewStar provided flexible prepayment options to allow WJ Commercial the ability to refinance or sell the property upon stabilization.NewStar's deal team for this transaction included Dan Adkinson, Mary Baccash and Don Davis.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. NewStar is focused exclusively on providing customized financing solutions to mid-sized borrowers in three dedicated 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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