NewStar Provides Transportation Company Credit Facility
NewStar Business Credit announced that it has provided a $25 million credit facility to a transportation and logistics company with operations in the Mid-Atlantic and Southeast. The credit facility will be used to support the company’s working capital and growth needs.
“We continue to focus on supporting the growth and working capital needs of middle market companies nationwide. We like the transportation and logistics sector in particular as it provides essential services to companies operating in nearly every industry,” said NewStar EVP, Milton Iskra.
Lisa Adams, a senior vice president located in NewStar’s San Francisco office, originated the transaction.