Daily News: April 3, 2013

NewStar Provides $7.5MM Facility to Corporate Call Center

NewStar Business Credit announced it has provided credit facilities totaling $7.5 million to Corporate Call Center (CCC). The credit facilities, which include revolving and term loans, will be used to meet working capital requirements and provide expansion capital to support growth. CCC is a portfolio company of Guardian Capital Partners, a private equity firm based in Philadelphia.

“The NewStar team was a pleasure to work with; timely in their process and reliable in their delivery. We are looking forward to a longstanding relationship with Newstar as our business continues to grow,” stated Peter Haabestad, managing director of Guardian Capital Partners.

“We are pleased to have this opportunity to support Corporate Call Center’s growth and expand our relationship with Guardian Capital Partners,” stated NewStar EVP Milton Iskra. NewStar’s Nina Fairchild, an SVP located in Philadelphia, originated the transaction.

Blue Bell, PA-based CCC is an outsourced contact center specializing in customer communications for the insurance and healthcare industries.