NewStar Business Credit Provides Revolver to East Point Sports
NewStar Business Credit, a wholly owned subsidiary of NewStar Financial, Inc. announced that it has provided a revolving credit facility to East Point Sports, LLC, a distributor of indoor and outdoor home recreational products, including table and outdoor games and accessories, under the brand names EastPoint Sports, Majik and Go!Gater.
The credit facility will be used to meet working capital requirements and provide expansion capital to support growth. NewStar’s Mike Williams, an SVP in its Chicago office, originated the deal.
“We are excited to add another new lending relationship in the Midwest as we continue to build our footprint there,” stated NewStar EVP Milton Iskra. “We also look forward to building on our relationship with East Point and supporting the company’s continued growth and success,” he added.