NewStar Business Credit provided a $10.5 million credit facility to a northeast-based manufacturer of nonlethal tactical munitions and crowd control devices.
NewStar Business Credit provided a $20 million revolving credit facility to Mad Catz, a designer and marketer of video game accessories for multiple gaming platforms.
NewStar Business Credit announced it provided senior credit facilities totaling $31.5 million to Amerijet International.
NewStar Business Credit provided a $9 million revolver to Phoenix Footwear Group.
NewStar Business Credit hired Kenneth Frank as a SVP in its Philadelphia office.
NewStar Business Credit announced it has provided a $6 million revolving credit facility to Skagit Gardens. The credit facility will be used to support the company’s ongoing working capital needs.
NewStar Business Credit provided a revolving credit facility to Chinada Industries.
Allen Systems Group reached an agreement with senior lenders on a debt restructuring. In conjunction with the Chapter 11 filing, ASG secured a commitment from NewStar Business Credit for a $40 million DIP facility.
NewStar Business Credit provided a $25 million credit facility to a transportation and logistics company with operations in the Mid-Atlantic and Southeast.
NewStar Business Credit announced that it provided a $6 million revolving credit facility to RTA Furniture Distributors. The credit facility was used to refinance existing debt.