Daily News: October 7, 2013

NewStar Provides Facility to Rainbow Play Systems

Rainbow Play Systems announced it signed a new credit facility agreement with NewStar Business Credit.

“Rainbow greatly appreciates the many, many years of support its former financial institution provided us through good times and bad times,” said Greg Foster, Rainbow CEO and owner. “The future is bright at Rainbow and we are excited to build a strong partnership with NewStar for our 2014 season and many years into the future. On behalf of the entire Rainbow Team, I would like to sincerely thank our former financial institution, the Rainbow Distribution Network, and Rainbow Vendors for all of your support,” stated Foster.

Rainbow is a residential playground equipment industry provider offering more than 100 swing set models and 100 swing set options. More than 500,000 play systems are installed worldwide in over 200 showrooms in America and 25 countries.