Clarus Capital announced it has launched as a new commercial finance company focused on delivering efficient capital solutions to finance tangible assets for leveraged middle market companies. Clarus offers lease and loan products with various end-of...
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December 15, 2021, 07:20 AM
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First Eagle Investment Management (“First Eagle”) and NewStar Financial Inc. ("NewStar”) announced that they have entered into a definitive agreement for First Eagle to acquire NewStar, an established lender and investment manager specializing in...
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October 17, 2017, 08:00 AM
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NewStar Financial announced today the sale of its equipment finance business and related assets to Boston-based Radius Bank ("Radius"), a federal savings association, for approximately $140 million in cash. NewStar Equipment Finance is an...
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December 02, 2016, 07:15 AM
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NewStar Financial announced that John Frishkopf will retire from the company as of September 30, 2016. Frishkopf was a founding member of the firm and has served as Treasurer and head of its Asset Management group since NewStar’s inception in 2004. ...
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August 12, 2016, 07:14 AM
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Fitch Ratings has affirmed NewStar Financial, Inc.'s (NewStar) long- and short-term Issuer Default Ratings (IDRs) at 'BB-' and 'B', respectively, as well as the senior unsecured debt at 'BB-' and subordinated debt ratings at 'B'.The rating...
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April 18, 2016, 07:00 AM
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NewStar Financial announced that it has been named 2015 Lender of the Year by Mergers & Acquisitions (“M&A”), an independent digital news service and monthly magazine covering all aspects of deal-making in the middle market. The monthly magazine is...
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March 28, 2016, 07:19 AM
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NewStar Financial and Lobo Leasing, a leading global helicopter leasing company, announced that they have provided a comprehensive fleet financing solution to RLC LLC, the largest privately-held helicopter services company operating in the Gulf of...
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April 29, 2015, 07:03 AM
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NewStar Financial, Inc. has hired veteran banker Paul Horton as a Managing Director in its Leveraged Finance group with responsibility for generating new financing opportunities with mid-sized companies, private equity firms and other investors in...
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April 06, 2015, 07:27 AM
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NewStar Financial announced that it has closed the NewStar Clarendon Fund CLO (the "Clarendon Fund" or the "Fund"), a $400 million middle market CLO used to provide leverage for a managed credit fund anchored by an investment from funds sponsored by...
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January 16, 2015, 07:05 AM
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NewStar Financial Inc., a specialized commercial finance company, GSO Capital Partners ("GSO"), the credit division of the Blackstone Group), and Franklin Square Capital Partners, the largest manager of business development companies, announced today...
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December 05, 2014, 06:56 AM
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NewStar Financial, a specialized commercial finance company, GSO Capital Partners, the credit division of Blackstone, and Franklin Square Capital Partners, the largest manager of business development companies, announced that they have formed a...
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November 06, 2014, 07:15 AM
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NewStar Financial announced today that it completed a $348 million term debt securitization known as NewStar Commercial Loan Funding 2014-1. All floating rate classes of notes were priced at par and the transaction was upsized from $325 million...
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April 24, 2014, 07:00 AM
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NewStar Financial reported consolidated net income of $6.4 million for the fourth quarter of 2013. Net income excluding the results of the Arlington Fund, a consolidated variable interest entity ("VIE"), was $6.2 million. These results compare to net...
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February 13, 2014, 06:45 AM
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Webster Bank announcecd it has added R. Blair McBeth, Jr., as senior vice president, National Sales Director at Webster Capital Finance. McBeth will lead a team of sales professionals delivering equipment finance solutions to small, mid-size, and...
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December 04, 2013, 07:01 AM
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Bloomberg reported that NewStar Financial Inc., the business lender backed by private-equity firms Corsair Capital LLC and Capital Z Partners Management LLC, is exploring a sale. This is according to people with knowledge of the matter.According to...
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September 20, 2013, 07:07 AM
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NewStar Financial Inc., a specialized commercial finance company, announced today that it completed a $400 million term debt securitization known as NewStar Commercial Loan Funding 2013-1. All classes of notes were priced at par and the transaction...
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September 13, 2013, 07:00 AM
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NewStar Financial Inc. announced that it has amended and restated its senior secured notes to increase the amount to $200 million, extend the term to five years and reduce the interest rate among other things. The notes were rated BB- by Standard &...
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May 17, 2013, 06:56 AM
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NewStar Financial announced that it has formed a new managed credit fund, NewStar Arlington Fund LLC (the "Fund" or "Arlington"), in partnership with an institutional investor to co-invest in middle market commercial loans originated by NewStar. The...
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April 09, 2013, 07:14 AM
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NewStar Financial announced that it has hired veteran credit risk manager Dan McCready as Chief Credit Officer. Mr. McCready joins NewStar from CIT Group where he was Chief Credit Officer of CIT Corporate Finance. He has nearly 30 years of experience...
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March 26, 2013, 07:25 AM
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NewStar Financial reported net income of $6.2 million for the fourth quarter of 2012. These results compare to net income of $6.4 million in the fourth quarter of 2011 and $6.1 million in the third quarter of 2012. Income before income taxes (pre-tax...
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February 14, 2013, 07:23 AM
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NewStar Financial reported net income of $6.1 million for the third quarter of 2012. These results compare to net income of $3.4 million in the third quarter of 2011 and $5.6 million in the prior quarter. Income before income taxes (pre-tax income)...
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November 07, 2012, 06:09 AM
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NewStar Financial Inc. announced that it has closed a $150 million secured credit facility through a financing subsidiary known as NewStar Commercial Funding 2012-1 LLC with an affiliate of Natixis Financial Products LLC. The proceeds will be used to...
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February 22, 2012, 06:30 AM
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NewStar Financial, Inc., a specialized commercial finance company, today reported net income of $6.4 million for the fourth quarter of 2011. On an adjusted basis, net income was $6.6 million, which reflected $0.2 million after-tax non-cash equity...
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February 16, 2012, 06:30 AM
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