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Nov 30, 2010

NewStar Leads Financing for Risk Strategies Company

BOSTON, December 1, 2010 -- NewStar Financial, Inc. (Nasdaq: NEWS), a specialized commercial finance company, announced today that it served as Lead Arranger and Administrative Agent for the senior secured credit facilities in support of Risk Strategies Company's ("RSC") acquisition of Cohn-Reid-O'Neill Insurance Services, Inc. ("CRO"), an insurance brokerage and employee benefits services firm located in Burlingame, CA. RSC, headquartered in Boston, is a national insurance brokerage platform providing insurance and risk management solutions to middle market companies, large corporations and high net worth individuals. The acquisition of CRO expands RSC's presence in the California market, and provides a well-established platform for continued growth in the region.

Michael Christian, Chief Executive Officer of RSC, said, "I was impressed with NewStar's understanding of our business and their responsiveness and flexibility throughout the deal process. The team did a great job executing the transaction and delivered on the terms promised. We are enthusiastic about our relationship with NewStar, a valued partner in RSC's growth strategy."

"NewStar is excited to be backing such an exceptional management team with a proven track record and strong business model, and we look forward to supporting RSC's growth initiatives," said Tom Gillis, Vice President at NewStar. "This deal is a great opportunity to partner with and build a strong relationship with a top-tier management team."

NewStar served as Lead Arranger and Administrative Agent for the senior credit facilities. The deal team for the transaction included Tom Gillis and Rob Milordi.

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.

Contact:
NewStar Financial, Inc.
Robert K. Brown
617.848.2558
rbrown@newstarfin.com

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Nov 21, 2010

NewStar Leads New Deal for Pride Manufacturing Company LLC

BOSTON, November 22, 2010 -- NewStar Financial, Inc. (Nasdaq:NEWS), a specialized commercial finance company, announced today that it has arranged a $48,250,000 senior secured credit facility in support of the recapitalization of Pride Manufacturing Company, LLC. Pride is a leading global supplier of consumable golf products including golf cleats, tees, club grips and other accessories and a portfolio company of Bessemer Holdings.

 "Pride has shown incredibly consistent performance through the market cycle and we were very pleased to be able to provide this financing and work with Bessemer and the Pride team." said Pat McAuliffe, Managing Director at NewStar.

ewStar served as Lead Arranger and Administrative Agent for the senior credit facilities. The deal team for the transaction included Peter Nightingale and Andres Alev.

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 senior secured debt financing for the acquisition or recapitalization of mid-sized companies and commercial real estate. NewStar originates loans directly through a team of experienced, senior bankers organized around key industry and market segments. The Company targets 'hold' positions of up to $20 million and selectively underwrites or arranges larger transactions for syndication to other lenders. NewStar is headquartered in Boston MA and has regional offices in Darien CT and Chicago IL.

Contact:

NewStar Financial, Inc.
Robert K. Brown
617.848.2558
rbrown@newstarfin.com

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Nov 10, 2010

NewStar Hires Veteran Banker Jeff Kilrea

BOSTON, Nov. 11, 2010 (GLOBE NEWSWIRE) -- NewStar Financial, Inc. (Nasdaq:NEWS) announced today that it has hired veteran banker Jeff Kilrea as a Managing Director in its Chicago office. Kilrea will join Managing Director Thad Johnson to lead NewStar's regional marketing activities with responsibility for generating new financing opportunities with mid-sized companies, private equity firms and other investors in the middle market.    Mr. Kilrea has 25 years of experience originating and structuring debt financings for middle market companies backed by private equity firms. Prior to joining NewStar, Mr. Kilrea was a Managing Director and Co-President of CapitalSource's Corporate Finance Group, where he was responsible for, among other things, all new business development activities involving private equity firms and intermediaries. In that role, Mr. Kilrea managed a business development team and maintained individual coverage responsibilities in addition to supporting joint calling initiatives with his team. Previously, Mr. Kilrea worked for Heller Financial Inc., and FINOVA Capital Corporation.  "I am very excited to join an established team with such depth and experience in middle market lending," said Kilrea. "I am looking forward to helping NewStar build on its established direct origination franchise as we broaden our coverage of private equity firms and intermediaries in these key markets."  "Jeff is well known in the marketplace. We have worked together on deals for years and I respect his ability to deliver reliable results for his customers," said David Dobies, Head of Middle Market Origination for NewStar. "I am excited to have him join us. He and Thad give us a strong presence in the Chicago market to cover mid-sized companies and financial sponsors located predominantly in the Midwest." "We are pleased to add a banker of Jeff's caliber to our team in Chicago to enhance our coverage of key markets in the Midwest," said Tim Conway, NewStar's Chief Executive Officer. "He has valuable credit and transaction execution experience combined with a sophisticated view of the markets. Adding Jeff to our direct lending franchise reinforces our position in the marketplace as a reliable partner at a time when we are increasing our activity across the country," Conway added.   Mr. Jeff Kilrea 101 North Wacker Drive Suite 607 Chicago, IL 60606 P 312.525.8138jkilrea@newstarfin.comAbout 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. The NewStar Financial, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4044CONTACT: NewStar Financial Corporate Inquiries: Colleen M. Banse 617.848.2502 cbanse@newstarfin.com Brian J. Fischesser 617.848.2512 bfischesser@newstarfin.com
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Nov 03, 2010

NewStar Reports Third Quarter 2010 Results

Financial results continued to improve with adjusted net income of $6.0 million, or $0.12 per share GAAP net income was $5.5 million, or $0.11 per share Continued positive trend in credit performance led by lower provision for loan losses and further reductions in non-performing assets New loan originations increased 18% to $145 million Bolstered liquidity and added growth capital through increase in corporate debt financing to $100 million Added new growth platform through acquisition of asset-based lender with excess funding capacity Increased book value per share to $10.74 driven by earnings and share buyback BOSTON, Nov. 3, 2010 (GLOBE NEWSWIRE) -- NewStar Financial, Inc. (Nasdaq:NEWS), a Boston-based commercial finance company, today reported adjusted net income for the third quarter of 2010 of $6.0 million, or $0.12 per diluted share. On a GAAP basis, the Company reported net income of $5.5 million, or $0.11 per diluted share, which reflected $0.5 million after-tax non-cash equity compensation expense related to the 2006 IPO. "Adjusted net income (loss)" and other non-GAAP financial measures used in this release are defined under "Non-GAAP Financial Measures" on page 5. Reconciliations between GAAP and adjusted (non-GAAP) measures can be found in the attached financial tables. "I am pleased with our results in the third quarter as operating performance showed steady improvement and credit costs trended lower. Our direct origination platform continued to gain momentum with double-digit growth in new loan volume in the quarter. We also expanded our national franchise through the recently announced acquisition of CORE Business Credit, an established asset-based lending platform," said Tim Conway, Chairman and Chief Executive Officer. "The acquisition marks another important milestone for the company as we begin to execute our strategy to add specialized lending platforms in attractive market segments that are consistent with our core strengths and enhance our value proposition for customers." "The majority of our operating metrics continued to improve in the quarter and we were pleased with the quality of our earnings," added John Bray, NewStar's Chief Financial Officer. "We also increased the size of our corporate debt financing to maintain a conservative liquidity position, while also adding growth capital to support attractive investment opportunities like the acquisition of CORE Business Credit.Loan Credit Quality The provision for credit losses decreased 79%, or $4.3 million, to $1.2 million in the third quarter of 2010 compared to $5.5 million in the second quarter of 2010. Approximately $3.2 million of additional specific reserves were established in the third quarter of 2010, down 78%, or $11.0 million, from $14.2 million in the second quarter of 2010. The allowance for credit losses decreased to $91.5 million, or 5.20% of loans and 71% of NPLs, at September 30, 2010, compared to $100.7 million, or 5.53% of loans, at June 30, 2010 and $101.1 million or 4.69% of loans at September 30, 2009. One new loan was placed on non-accrual status in the third quarter of 2010. At September 30, 2010, loans with an aggregate outstanding balance, net of charge-offs, of $128.2 million were on non-accrual status compared to loans with an aggregate outstanding balance, net of charge-offs, of $146.5 million at June 30, 2010. Non-performing assets, net of charge-offs, specific reserves and other adjustments were $131.6 million, or 40% of their aggregate face amount, as of September 30, 2010. Non-accrual loans with an outstanding balance of $100.7 million and an additional accruing loan with an outstanding balance of $8.4 million as of September 30, 2010 were also delinquent loans.  Net charge-offs were $10.4 million, or 2.36% of loans on an annualized basis, in the third quarter of 2010 compared to $20.8 million or 4.57% of loans on an annualized basis in the second quarter of 2010. The Company owned an interest in one property valued at $3.4 million, which was included in other real estate owned ("OREO") as of September 30, 2010.Funding and Capital Amended an existing $75 million credit facility with Fortress to increase the size to $100 million consisting of a $50 million revolving credit facility and a $50 million term loan facility, extend its maturity to August 2014, reduce pricing and remove scheduled revolver commitment reductions.  Approximately 94% of loans were funded by long term capital at September 30, 2010.   Approximately 78% of loans were funded by securitized term debt at attractive, locked-in spreads as of September 30, 2010. The ability to re-invest collections from repayments and amortization of certain of these loans represents a continuing source of funding.  Balance sheet leverage was 2.5x as of September 30, 2010, down slightly from 2.7x at June 30, 2010 due principally to repayment of advances under credit facilities and amortization of debt issued by CLO 2005-1. Total cash and equivalents as of September 30, 2010 were $183.9 million, of which $29 million was unrestricted. Unrestricted cash decreased from approximately $40 million at June 30, 2010 and restricted cash increased from approximately $147 million to $155 million.Managed and Owned Loan Portfolios Total origination volume for the third quarter of 2010 was $145 million, which reflected improving demand for loans and increased lending activity. The composition of the owned loan portfolio continued to reflect a focus on senior debt with 96% invested in 1st lien senior secured loans and debt investments at September 30, 2010. The managed loan portfolio was $2.3 billion as of September 30, 2010 (down from $2.4 billion at June 30, 2010), reflecting the net impact of prepayments and scheduled amortization of existing loans, as well as charge-offs, which was partially offset by new loan origination. Managed loan portfolio was down from $2.7 billion at September 30, 2009.  Assets managed for the NCOF were $500 million at September 30, 2010, down 5% from June 30, 2010 and down from $544 million at September 30, 2009. The owned loan portfolio was $1.8 billion as of September 30, 2010 down slightly from June 30, 2010. The owned loan portfolio continued to be balanced across industry sectors and highly diversified by issuer. As of September 30, 2010, no outstanding borrowings by a single issuer represented more than 1.5% of total loans outstanding, and the ten largest issuers comprised approximately 10% of the loan portfolio.Net Interest Income / Margin Net interest income before provision for credit losses was $17.8 million for the third quarter of 2010 compared to $19.1 million for the second quarter of 2010. Net interest margin decreased 12 bps to 3.63% for the third quarter of 2010 compared to 3.75% for the second quarter of 2010 and 4.16% for the third quarter of 2009 due principally to non-accrual loans and an increase in the cost of borrowings. Adjusting for the impact of non-performing loans, the portfolio yield would have been 65 bps higher and net interest margin would have been 4.28%.    Non-Interest Income Non-interest income was $2.5 million for the third quarter of 2010 compared to $4.7 million for the second quarter of 2010, and $0.1 million for the third quarter of 2009.  Non-interest income in the third quarter of 2010 consisted primarily of $0.9 million of asset management income, $0.7 million of unused fees on revolving credit commitments and $0.4 million of structuring fees.Expenses Operating expenses were up slightly to $10.0 million in the third quarter of 2010 compared to $9.5 million in the second quarter of 2010. The Company had 63 employees as of September 30, 2010.Income Taxes Deferred tax asset declined to $50.2 million as of September 30, 2010 from $54.9 million as of June 30, 2010 and $56.4 million as of December 31, 2009. At September 30, 2010, the deferred tax asset was driven principally by differences in the timing of when credit costs and equity compensation expenses are recognized according to GAAP and when they are deductible for income tax.  Approximately $36 million and $13 million of the deferred tax asset as of September 30, 2010 was related to our allowance for credit losses and equity compensation, respectively.Book Value Book value per share was $10.74 at the end of the third quarter up from $10.53 at the end of the prior quarter primarily due to net income and share repurchases during the quarter.Share Count Average diluted shares outstanding were 50.3 million shares for the quarter compared to 51.7 million shares for the prior quarter. Total outstanding shares at September 30, 2010 were 50.9 million compared to 51.6 million at June 30, 2010. Repurchased 695,873 shares of common stock at an average price of $6.93 during the third quarter and a total of 972,072 shares of common stock at an average price of $6.87 as of September 30, 2010 since the share repurchase program was launched.Conference Call and Webcast NewStar will host a webcast/conference call to discuss the results today at 10:00 am Eastern Time. All interested parties are invited to participate via telephone or webcast, which will be hosted through the Investor Relations section at www.newstarfin.com. Please visit the website to register for the webcast and test your connection prior to the call. You can also access the conference call by dialing 877-755-7419 approximately 5-10 minutes prior to the call. International callers should dial 973-200-3080. All callers should reference "NewStar Financial."    For convenience, an archived replay of the call will be available through November 6, 2010 by dialing 800-642-1687. International callers should call 706-645-9291. For all replays, please use the passcode 16795363. The audio replay will also be available through the Investor Relations section at www.newstarfin.com.            About NewStar Financial 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 senior secured debt financing for the acquisition or recapitalization of mid-sized companies and commercial real estate. NewStar originates loans directly through a team of experienced, senior bankers organized around key industry and market segments. The Company targets 'hold' positions of up to $20 million and selectively underwrites or arranges larger transactions for syndication to other lenders.  NewStar is headquartered in Boston MA and has regional offices in Darien CT and Chicago IL. For more detailed transaction and contact information please visit www.newstarfin.com. The NewStar Financial, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4044Forward-Looking Statements This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  All statements other than statements of historical fact included in this release are forward-looking statements. Forward-looking statements give our current expectations and projections relating to our financial condition, results of operations, strategic plans, objectives, future performance, financing plans and business. As such, they are subject to material risks and uncertainties, including our limited operating history; the general state of the economy; our ability to compete effectively in a highly competitive industry; and the impact of federal, state and local laws and regulations that govern non-depository commercial lenders and businesses generally. More detailed information about these risk factors can be found in NewStar's filings with the Securities and Exchange Commission (the "SEC"), including Item 1A ("Risk Factors") of our 2009 Annual Report on Form 10-K, as supplemented by the Risk Factors contained in our Quarterly Reports on Form 10-Q. NewStar is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. NewStar plans to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2010 with the SEC on or before November 9, 2010 and urges its shareholders to refer to that document for more complete information concerning NewStar's financial results.Non-GAAP Financial Measures References to "adjusted net income" and "adjusted earnings per share" mean net income or earnings per diluted share, respectively, as determined under GAAP, excluding the following items: compensation expense related to restricted stock grants made since our inception as a private company, including equity awards made in connection with the initial public offering; including the impact on our effective tax rate. GAAP requires that these items be included in net income. NewStar management uses "adjusted net income" and "adjusted earnings per share" to make operational and investment decisions, and NewStar believes that they provide useful information to investors in their evaluation of our financial performance and condition. Excluding the financial results and expenses incurred in connection with the compensation expense related to restricted stock grants made since our inception as a private company, eliminates unique amounts that make it difficult to assess our core performance and compare our period-over-period results. A reconciliation of adjusted net income to net income is included on page 7 of this release.   Adjusted return on average assets means adjusted net income divided by average assets for the period. Adjusted return on average equity means adjusted net income divided by average equity for the period. Adjusted efficiency ratio means operating expenses determined in accordance with GAAP less i) compensation expense related to restricted stock grants made since our inception as a private company. The adjusted ratios exclude unique expenses that make it difficult to assess our core performance and compare our period-over-period results. A reconciliation of our adjusted financial measures to their GAAP equivalents is included on page 11 of this release. NewStar's adjusted financial measures should not be considered as alternatives to financial measures determined in accordance with GAAP and may be different from, or inconsistent with, non-GAAP financial measures used by other companies.NewStar Financial, Inc.        Consolidated Balance Sheets        (unaudited)            September 30,June 30,December 31,September 30, ($ in thousands)2010201020092009Assets:                   Cash and cash equivalents $29,360 $39,970 $39,848 $31,128 Restricted cash  154,505  146,648  136,884  109,618 Investments in debt securities, available-for-sale  4,036  4,022  4,183  3,859 Loans held-for-sale, net  21,302  10,624  15,736  3,072 Loans, net  1,646,891  1,700,354  1,878,978  2,041,087 Deferred financing costs, net  17,683  19,486  18,557  19,219 Interest receivable  6,873  7,629  7,949  8,442 Property and equipment, net  760  843  976  976 Deferred income taxes, net  50,178  54,905  56,449  56,863 Income tax receivable  11,850  10,731  7,260
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Nov 01, 2010

NewStar Acquires Asset-Based Lender

Acquired an established middle market, asset-based lender with a national origination franchise Purchase includes loan portfolio with credit commitments totaling approximately $164 million and funded loans of $73 million Talented team of industry veterans led by seasoned executives Added four new regional offices, bolstering existing national direct origination franchise Enhanced funding platform and lending capacity with a $225 million credit facility provided by DZ Bank Consistent with strategy to build franchise of specialized commercial lending businesses Expected to be accretive to earnings per share in 2011 with benefit of cost savings and accretion of discount BOSTON, Nov. 1, 2010 (GLOBE NEWSWIRE) -- NewStar Financial Inc. (Nasdaq:NEWS) announced today that it has acquired CORE Business Credit LLC ("CORE"), the asset-based lending business of CORE Financial Holdings LLC, a portfolio company of American Capital Strategies. The purchase price was approximately $25 million in cash, or approximately $22 million net of acquired cash. The transaction was structured as a purchase of the membership interests of CORE and will be treated as an asset purchase for tax purposes. The sale proceeds were used to repay $20 million of subordinated debt plus accrued interest and prepayment penalties and acquire the membership interests.     As a result of the purchase, NewStar has acquired a portfolio comprised principally of revolving asset-based loans with credit commitments totaling approximately $164 million and outstanding balances of approximately $73 million as of closing. NewStar will also retain CORE's origination, underwriting, account management and operations staff to manage and grow the asset-based loan portfolio. CORE provides asset-based loans to middle market companies nationwide. Asset-based loans are typically structured as revolving lines of credit to fund working capital needs and term loans to fund permanent working capital and long-term assets for businesses operating across a wide range of industries. Advances under the credit facilities are generally governed by a borrowing base that defines eligibility criteria and advance rates for different classes of working capital assets. Lending arrangements also typically include strict controls and reporting requirements, including dominion over borrowers' cash and discretion to amend eligibility and advance rates based on the results of regular field audits and inventory appraisals.  The business will serve as a foundation for NewStar to provide asset-based lending services to small and medium sized businesses on a national basis. The company will operate as NewStar Business Credit after a transition period and will remain headquartered in Dallas, Texas. NewStar Business Credit will be led by Michael Haddad, CORE's current CEO and a seasoned executive in the middle market asset-based lending industry, who has founded and built several successful asset-based lending businesses during his career. Prior to CORE, he co-founded Marquette Business Credit and served as Executive Vice President.  "This acquisition is consistent with our strategy of building our franchise with specialized lending platforms that add to our value proposition for customers and leverage our core strengths in direct origination and credit management. This transaction also provides an attractive way to diversify our business mix and funding platform," said NewStar's Chairman and Chief Executive Officer Tim Conway. "The team at CORE Business Credit is among the best in the industry. They have an outstanding track record and will help reinforce our national origination franchise." "The transaction is expected to be accretive to earnings," added John Bray, NewStar's Chief Financial Officer. "We were able to complete thorough due diligence and re-underwrote each loan. The terms of the transaction were attractive to us with economic benefits expected to be derived from a combination of attractive asset yields, cost synergies and accretion of the purchase discount. As a result, we expect CORE to generate solid after-tax returns on equity in 2011." "We are enthusiastic about the opportunity to add our established asset-based lending platform to NewStar's national lending franchise," said Michael Haddad. "Credit availability continues to be a hurdle for small and mid-sized companies. As a NewStar Financial company, we can provide more businesses with the capital they need and add to NewStar's origination and product capabilities across the country."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 senior secured debt financing for the acquisition or recapitalization of mid-sized companies and commercial real estate. NewStar originates loans directly through a team of experienced, senior bankers organized around key industry and market segments. The Company targets 'hold' positions of up to $20 million and selectively underwrites or arranges larger transactions for syndication to other lenders. NewStar is headquartered in Boston MA and has regional offices in Darien CT and Chicago IL. The NewStar Financial, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4044Forward-Looking Statements: This press release contains forward-looking statements, including statements regarding NewStar's expected return and planned growth for the asset-based lending business. These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those results indicated in the forward-looking statements include uncertainties relating to future events that could affect CORE's credit performance and level of earning assets.CONTACT: NewStar Financial, Inc. Robert K. Brown 617.848.2558 rbrown@newstarfin.com (C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
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Oct 20, 2010

NewStar Financial Schedules Release of Results for the Third Quarter of 2010

BOSTON, Oct. 20, 2010 (GLOBE NEWSWIRE) -- NewStar Financial, Inc. (Nasdaq:NEWS) announced today that it will report results for the third quarter of 2010 on Wednesday, November 3, 2010 before the markets open. NewStar will also host a webcast/conference call to discuss the results on Wednesday, November 3, 2010 at 10:00am Eastern Time. All interested parties are invited to participate via telephone or webcast, which will be hosted through the Investor Relations section of the website at www.newstarfin.com. Please visit the website to register for the webcast and test your connection prior to the call. You can also access the conference call by dialing 877-755-7419 approximately 5-10 minutes prior to the call. International callers should dial 973-200-3080. All callers should reference "NewStar Financial."  For convenience, an archived replay of the call will be available through November 6, 2010 by dialing 800-642-1687. International callers should call 706-645-9291. For all replays, please use the passcode 16795363. The audio replay will also be available through the Investor Relations section of the website at www.newstarfin.com. 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 senior secured debt financing for the acquisition or recapitalization of mid-sized companies and commercial real estate. NewStar originates loans directly through a team of experienced, senior bankers organized around key industry and market segments. The Company targets 'hold' positions of up to $20 million and selectively underwrites or arranges larger transactions for syndication to other lenders. NewStar is headquartered in Boston MA and has regional offices in Darien CT and Chicago IL. For more detailed transaction and contact information, please visit our website at www.newstarfin.com.  The NewStar Financial, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4044CONTACT: NewStar Financial Colleen M. Banse 617.848.2502 cbanse@newstarfin.com Brian J. Fischesser 617.848.2512 bfischesser@newstarfin.com (C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
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Sep 17, 2010

NewStar Financial to Participate in the William Blair Emerging Growth Stock Conference

BOSTON, Sept. 17, 2010 (GLOBE NEWSWIRE) -- NewStar Financial, Inc. (Nasdaq:NEWS) announced today that it is scheduled to participate in the William Blair Emerging Growth Stock Conference in New York City on Tuesday, October 5, 2010. The presentation is scheduled to begin at 2:00 p.m. ET and will run approximately 40 minutes.   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 senior secured debt financing for the acquisition or recapitalization of mid-sized companies and commercial real estate. NewStar originates loans directly through a team of experienced, senior bankers organized around key industry and market segments. The Company targets 'hold' positions of up to $20 million and selectively underwrites or arranges larger transactions for syndication to other lenders. NewStar is headquartered in Boston MA and has regional offices in Darien CT and Chicago IL. For more detailed transaction and contact information, please visit our website at www.newstarfin.com.  The NewStar Financial, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4044CONTACT: NewStar Financial Corporate Inquiries: Colleen M. Banse 617.848.2502 cbanse@newstarfin.com Brian J. Fischesser 617.848.2512 bfischesser@newstarfin.com (C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
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Sep 07, 2010

NewStar Increases Corporate Debt Financing to $100 Million

BOSTON, Sept. 7, 2010 (GLOBE NEWSWIRE) -- NewStar Financial Inc. (Nasdaq:NEWS), a specialized commercial finance company, announced today that it has amended its senior secured notes with an affiliate of Fortress Investment Group. Originally issued to provide contingent liquidity, the notes have been increased and restructured to be used for both growth capital and liquidity needs. Key terms of the note agreement have been amended to, among other things: Increase the size to $100 million from $75 million, consisting of $50 million of revolving notes and $50 million of delayed draw term notes Extend the maturity to August 31, 2014 from July 5, 2013 and eliminate scheduled commitment reductions Reduce borrowing costs to Libor plus 7% from a range of Libor plus 9% to 12% Improve advance rates in the borrowing base for certain key collateral types Establish a discrete pool of collateral to secure the notes, providing better flexibility to complete additional financings secured by separate pools of collateral Allow for prepayment of the term notes subject to a "make-whole" premium for the first two years followed by prepayment fees of 2% and 1% for years three and four, respectively. Allow the term notes to be drawn at or before November 29, 2010 "The greater flexibility and lower cost of funding achieved by this amendment is another important milestone for NewStar as we focus on growth opportunities. The notes provide ample liquidity and enhance our ability to commit growth capital where we see attractive returns," said NewStar CEO, Tim Conway. "This amendment also adds to our financial flexibility by permitting us to raise incremental secured debt backed by separate pools of collateral," said NewStar Treasurer, John Frishkopf.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 senior secured debt financing for the acquisition or recapitalization of mid-sized companies and commercial real estate. NewStar originates loans directly through a team of experienced, senior bankers organized around key industry and market segments. The Company targets 'hold' positions of up to $20 million and selectively underwrites or arranges larger transactions for syndication to other lenders. NewStar is headquartered in Boston MA and has regional offices in Darien CT and Chicago IL. For more detailed transaction and contact information, please visit our website at www.newstarfin.com. The NewStar Financial, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4044Forward-Looking Statements: This press release contains forward-looking statements, including statements regarding NewStar's liquidity requirements and the timing of draws under the facility. These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those results indicated in the forward-looking statements include uncertainties relating to future events that could affect its need for capital and market conditions.CONTACT: NewStar Financial, Inc. Corporate Inquiries: Colleen M. Banse 617.848.2502 cbanse@newstarfin.com Brian J. Fischesser 617.848.2512 bfischesser@newstarfin.com (C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
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