NewStar Provides Phoenix Footwear Financing
Phoenix Footwear Group entered into a bank financing agreement with NewStar Business Credit.
February 6, 2015
NewStar
ABF Journal
Phoenix Footwear Group entered into a bank financing agreement with NewStar Business Credit.
NewStar Business Credit provided a $25 million revolving line of credit to Afni.
NewStar Financial reported Q3 total new funded loan volume was $409 million, up 25% from $326 million in the prior quarter and 44% from $284 million in the Q3/13. The company also announced the formation of a strategic relationship with GSO Capital.
NewStar Financial reported that 2013 year-end loans outstanding and new funded volume of $2.37 billion and $1.30 billion, respectively were both up 26% compared to the previous year.