Daily News: February 1, 2012

NewStar Business Credit Provides $18 Million to True Science

NewStar Business Credit announced that it has provided an $18 million revolving credit facility to True Science LLC. The credit facility will be used to meet working capital requirements and provide expansion capital to support growth.

Milton Iskra, EVP and national marketing manager for NewStar Business Credit, commented, “We are pleased to have the opportunity to support the growth and success of True Science, a well-managed and dynamic company.”

True Science CEO Cord Christensen said, “We are extremely pleased with the partnership True Science has been able to establish with NewStar. The professionalism and commitment to getting our credit facility put in place in time to support our company’s growth was very refreshing.”

NewStar Business Credit provides asset-based, senior secured stretch loans nationally to middle-market companies with credit requirements between $5 million and $25 million.

Headquartered in Eagle, ID, True Science is a distributor of pet medications and baby products.