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NewStar Financial Schedules Release of Results for the Fourth Quarter of 2009
Feb 3, 2010
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BOSTON, Feb. 3, 2010 (GLOBE NEWSWIRE) -- NewStar Financial, Inc. (Nasdaq:NEWS) announced today that it will report results for the fourth quarter of 2009 on Wednesday, February 17, 2010 before the markets open.
NewStar will also host a webcast/conference call to discuss the results on Wednesday, February 17, 2010 at 10:00am Eastern Time. All int...
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NewStar Financial Announces Stock Repurchase Program
Jan 25, 2010
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BOSTON, Jan. 25, 2010 (GLOBE NEWSWIRE) -- NewStar Financial, Inc. (Nasdaq:NEWS), a specialized commercial finance company, announced today that its Board of Directors has authorized the repurchase of up to $10 million of the company's common stock from time to time on the open market or in privately negotiated transactions.
Commenting on the stoc...
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NewStar Completes $275 Million Term Debt Securitization in Milestone Transaction
Jan 7, 2010
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BOSTON, Jan. 7, 2010 (GLOBE NEWSWIRE) -- NewStar Financial Inc. (Nasdaq:NEWS), a specialized commercial finance company, announced today that it has completed a $275 million term debt securitization. The proceeds will be used to refinance existing debt and provide $50 million of new lending capacity.
The offering of NewStar Commercial Loan Trust...
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NewStar Completes $75 Million Corporate Debt Financing
Jan 5, 2010
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BOSTON, Jan. 5, 2010 (GLOBE NEWSWIRE) -- NewStar Financial Inc. (Nasdaq:NEWS), a specialized commercial finance company, announced today that it has placed $75 million of senior secured revolving notes due 2013 with Drawbridge Special Opportunities, a fund managed by an affiliate of Fortress Investment Group.
The revolving notes provide NewStar ...
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NewStar Reports Third Quarter 2009 Results
Nov 4, 2009
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* Loss narrowed despite continued difficult credit conditions
* Provision for loan losses remained elevated to boost reserves
as charge-offs increased
* Negative migration trend in credit performance moderated as
non-performing assets increased slightly from second quarter
levels
* Net interest income an...
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NewStar Financial Schedules Release of Results for the Third Quarter of 2009
Oct 21, 2009
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BOSTON, Oct. 21, 2009 (GLOBE NEWSWIRE) -- NewStar Financial, Inc. (Nasdaq:NEWS) announced today that it will report results for the third quarter of 2009 on Wednesday, November 4, 2009 before the markets open.
NewStar will also host a webcast/conference call to discuss the results on Wednesday, November 4, 2009 at 10:00 am Eastern Time. All inte...
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NewStar Financial Provides Buyout Financing for Katena Products, Inc.
Sep 29, 2009
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Boston, MA September 29, 2009 - NewStar Financial, Inc. (NASDAQ:NEWS), a Boston-based specialty finance company, announces that it has provided debt capital in support of a $23.5 million senior debt financing led by Golub Capital that partially finances Cortec Group's buyout of Katena Products, Inc. Katena is the largest independently owne...
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NewStar Financial Serves as Co-Documentation Agent for Sizzling Platter Acquisition Financing
Sep 25, 2009
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Boston, MA September 25, 2009 – NewStar Financial, Inc. (NASDAQ:NEWS), a Boston-based specialty finance company, announces that it has provided $19.5MM in senior credit facilities towards a $62.9MM financing led by GE Capital that supports Sizzling Platter's acquisition of additional Little Caesars restaurants in Texas and refinance of exi...
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NewStar Financial Participates in Recapitalization Financing for Grande Communications
Sep 14, 2009
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Boston, MA - NewStar Financial, Inc. (NASDAQ:NEWS), a Boston-based specialty finance company, announces that it has provided debt capital in support of a $122.5 million senior debt financing led by Societe Generale and SunTrust that supports the recapitalization of Grande Communications, a portfolio company of ABRY Partners. Grande provide...
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NewStar Financial Provides Acquisition Financing for Carpathia Hosting, Inc.
Sep 1, 2009
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Boston, MA September 1, 2009 - NewStar Financial, Inc. (NASDAQ:NEWS), a Boston-based specialty finance company, announces that it has provided debt capital in support of a $30.0 million senior debt financing led by Madison Capital that backs Carpathia Hosting, Inc.'s ("Carpathia") acquisition of ServerVault Corp, a provider of IT infrastr...
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NewStar Financial Participates in Buyout Financing for Church's Chicken
Aug 24, 2009
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Boston, MA, August 24, 2009 - NewStar Financial, Inc. (NASDAQ:NEWS), a Boston-based specialty finance company, announces that it has provided debt capital in support of a $155.0 million Bank of America-led senior debt financing to support the acquisition of Church's Chicken ("Church's") by Friedman, Fleischer & Lowe ("FF&L"). Founded in ...
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NewStar Financial Announces Termination of Agreement to Acquire Southern Commerce Bank, N.A.
Aug 19, 2009
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BOSTON, Aug. 19, 2009 (GLOBE NEWSWIRE) -- NewStar Financial, Inc. (Nasdaq:NEWS) announced today that it has terminated its agreement to acquire Southern Commerce Bank, N.A. and withdrawn its related regulatory applications.
"We have decided to terminate the agreement because it has become unlikely that we would receive approval of our applicatio...
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NewStar Reports Second Quarter Results
Aug 5, 2009
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* Reported a $14.7 million adjusted net loss in the second quarter,
or $0.30 adjusted loss per diluted share, driven by a $36.2
million provision for credit losses
* On a GAAP basis, the net loss was $15.6 million, or $0.32 net loss
per diluted share
* Boosted allowance for credit losses to 3.86% from 2.81% in pr...
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NewStar Financial Participates in Senior Financing for Specialized Education Services
Aug 3, 2009
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Boston, MA - NewStar Financial, Inc. (NASDAQ:NEWS), a Boston-based specialty finance company, announces that it has provided debt capital in support of a $63.0 million senior debt financing led by GE and BMO that backs the buyout of Specialized Education Services ("SESI") by Chicago Growth Partners ("CGP"). SESI provides education services...
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NewStar Financial Schedules Release of Results for the Second Quarter of 2009
Jul 22, 2009
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BOSTON, July 22, 2009 (GLOBE NEWSWIRE) -- NewStar Financial, Inc. (Nasdaq:NEWS) announced today that it will report results for the second quarter of 2009 on Wednesday, August 5, 2009 before the markets open.
NewStar will also host a webcast/conference call to discuss the results on Wednesday, August 5, 2009 at 10:00 am Eastern Time. All interes...
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NewStar Financial Completes Amendment to Credit Facility
Jul 15, 2009
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BOSTON, July 15, 2009 (GLOBE NEWSWIRE) -- NewStar Financial, Inc. (Nasdaq:NEWS) announced today that it has amended its warehouse line of credit with Wachovia Bank NA, a Wells Fargo company, to convert it into a $145.7 million, three-year, secured term debt facility that better matches the maturity profile of the assets it funds. The credit facilit...
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NewStar Financial to Participate in the Keefe, Bruyette & Woods Diversified Financial Services Conference
May 29, 2009
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BOSTON, May 29, 2009 (GLOBE NEWSWIRE) -- NewStar Financial, Inc. (Nasdaq:NEWS) announced today that it is scheduled to make a presentation at the Keefe, Bruyette & Woods Diversified Financial Services Conference in New York on Wednesday, June 3, 2009. The presentation is scheduled to begin at 1:20pm ET and will run approximately 40 minutes.
Inte...
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NewStar Reports First Quarter Results
May 6, 2009
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Weak economy and credit performance weigh on financial results
* Reported a $2.9 million adjusted net loss in the first quarter,
or $0.06 adjusted loss per diluted share
* On a GAAP basis, reported $5.0 million net loss in the first
quarter, or $0.10 net loss per diluted share
* Increased liquidity position and reduced staf...
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NewStar Financial Serves as Documentation Agent in Senior Financing for SurveyMonkey
Apr 27, 2009
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BOSTON, April 27, 2009 (GLOBE NEWSWIRE) -- NewStar Financial, Inc. (Nasdaq:NEWS), a Boston-based specialty finance company, announced today that it has served as Documentation Agent for a new senior financing supporting the acquisition of SurveyMonkey by an investor group led by Spectrum Equity Investors and including Bain Capital Ventures. Spec...
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NewStar Financial Serves as Documentation Agent in Senior Financing for SurveyMonkey
Apr 27, 2009
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BOSTON, April 27, 2009 (GLOBE NEWSWIRE) -- NewStar Financial, Inc. (Nasdaq:NEWS), a Boston-based specialty finance company, announced today that it has served as Documentation Agent for a new senior financing supporting the acquisition of SurveyMonkey by an investor group led by Spectrum Equity Investors and including Bain Capital Ventures. Spectru...
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