NewStar Business Credit, a subsidiary of NewStar Financial, announced the launch of a new unitranche loan product called SingleSource.
SingleSource combines ABL and cash flow financing approaches to provide a creative and valuable “one-stop” financial solution for the middle market.
SingleSource offers simplicity and flexibility. With a single loan, deal execution is more certain, avoiding the time and cost of inter-creditor agreements and the hassle of dealing with multiple parties.
Loans can be tailored to meet each borrower’s unique needs and funds can be used for a wide range of purposes, including strategic acquisitions, management buyouts, recapitalizations and dividend recaps.