Daily News: May 15, 2012

NewStar Provides $10 Million Revolver to Horton Archery


NewStar Business Credit, a wholly owned subsidiary of NewStar Financial, Inc. announced that it has provided a $10 million revolving credit facility to Horton Archery LLC, a portfolio company of TGV Partners. The credit facility will be used to meet working capital requirements and provide expansion capital to support future growth.

Headquartered in Kent, OH, Horton is a manufacturer of premium crossbows and related archery products.

Milton Iskra, EVP and national marketing manager for NewStar Business Credit, commented, “We have known TGV for many years, and NewStar is pleased to have the opportunity to support them in the growth and success of Horton.”

“NewStar is exactly the type of lending partner those rapidly expanding middle market businesses like Horton Archery need. The NewStar team has been responsive, flexible and fair throughout the process. We look forward to continued growth with NewStar in the future.” said Ryan Callaghan, partner at TGV Partners.

NewStar Business Credit provides asset-based and senior, secured