Net loss driven by continued elevated provision for credit losses Allowance for loan losses reached 5.68% of loans, but improving credit outlook may signal peak Expenses decreased by approximately $1.4 million from third quarter levels Completed repositioning of balance sheet with a conservative liquidity buffer and improved maturity ...  

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...  

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 ...  

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...  

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...  

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...  

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Inc. (Nasdaq:NEWS) announced today that it has terminated its agreement to acquire Southern Commerce Bank, N.A. and withdrawn its related regulatory applications.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...  

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...  

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...  

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...