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NewStar Financial Schedules Release of Results for the Second Quarter of 2010
Jul 21, 2010
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BOSTON, July 21, 2010 (GLOBE NEWSWIRE) -- NewStar Financial, Inc. (Nasdaq:NEWS) announced today that it will report results for the second quarter of 2010 on Wednesday, August 4, 2010 before the markets open.
NewStar will also host a webcast/conference call to discuss the results on Wednesday, August 4, 2010 at 10:00am Eastern Time. All interest...
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NewStar Financial to Participate in the Wells Fargo Financial Services Conference
Jun 7, 2010
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BOSTON, June 7, 2010 (GLOBE NEWSWIRE) -- NewStar Financial, Inc. (Nasdaq:NEWS) announced today that it is scheduled to participate in the Wells Fargo Financial Services Conference in Boston on Tuesday, June 22, 2010. About NewStar Financial, Inc.:
NewStar Financial (Nasdaq:NEWS) is a specialized commercial finance company focused on meeting the...
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NewStar Financial to Participate in the Keefe, Bruyette & Woods Diversified Financial Services Conference
May 7, 2010
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BOSTON, May 7, 2010 (GLOBE NEWSWIRE) -- NewStar Financial, Inc. (Nasdaq:NEWS) announced today that Timothy J. Conway, its Chief Executive Officer, is scheduled to make a presentation at the Keefe, Bruyette & Woods Diversified Financial Services Conference in New York on Wednesday, June 2, 2010. The presentation is scheduled to begin at 8:45am ET a...
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NewStar Reports First Quarter 2010 Results
May 5, 2010
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Provision for credit losses declined 31% to $27.0 million and new specific reserves declined 44% to $22.3 million from the prior quarter
NPAs declined 4% to $165.8 million, while the allowance for loan losses increased slightly to $116.0 million, or 6.04% of loans and 74% of non-performing loans
Loan origination increased to $62 million ...
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NewStar Financial Schedules Release of Results for the First Quarter of 2010
Apr 21, 2010
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BOSTON, April 21, 2010 (GLOBE NEWSWIRE) -- NewStar Financial, Inc. (Nasdaq:NEWS) announced today that it will report results for the first quarter of 2010 on Wednesday, May 5, 2010 before the markets open.
NewStar will also host a webcast/conference call to discuss the results on Wednesday, May 5, 2010 at 10:00am Eastern Time. All interested par...
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NewStar Reports Fourth Quarter 2009 Results
Feb 17, 2010
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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 ...
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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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