Daily News: November 4, 2015

NewStar Business Credit Closes $15MM Revolver with Atlas Group

NewStar Business Credit announced it has provided a $15 million credit facility to Atlas Group. The revolving credit facility will be used to refinance certain existing debt and support the company’s working capital needs and continued growth.

Atlas is a portfolio company of Graham Partners, a private equity firm focused on high growth consumer and industrial manufacturing companies.

NewStar Business Credit provided the revolving credit facility in conjunction with term loans provided by NewStar Leverage Finance and strategic partner, GSO Capital.

“We are happy for the opportunity to work with a great management group as well as Graham Partners. The manufacturing sector is a key driver of employment and remains the backbone of the U.S. economy,” said NewStar EVP, Milton Iskra.

Wichita, KS-based Atlas specializes in complex machining and assembly of new and replacement aerospace structures for commercial, business and defense aircrafts.