NewStar Provides Afni $25MM Revolver
NewStar Business Credit announced it provided a $25 million revolving line of credit to Afni.
Steven Czirjak, Afni’s CFO, commented on the transaction: “As we searched for a new capital partner, NewStar Business Credit’s understanding of our industry stood out. This allowed for them to provide a flexible solution that supports our expansion into international markets as well as a solid structure for our day-to-day working capital management needs.”
“We are pleased to partner with Afni and look forward to supporting their expansion,” stated Milton Iskra, national marketing manager for NewStar Business Credit.
Mike Williams, a SVP located in NewStar’s Chicago office, originated the transaction.
Bloomington, IL-headquartered Afni provides outsourced process solutions focused on sales and collections activities through contact centers and digital channels.