NewStar Business Credit provided a $9 million revolving credit facility to Phoenix Footwear Group.

“We are pleased to be working with Phoenix Footwear to provide flexible working capital financing. With a history of operation since 1882, the company is well established in its markets and managed by a great team with well-defined growth plans,” stated NewStar EVP and National Marketing Manager Milton Iskra.

The transaction was originated by Lisa Adams, an SVP located in NewStar’s San Francisco office.

Carlsbad, CA-headquartered Phoenix specializes in quality women’s footwear with a design focus on comfort and fitting features.