NewStar Adds $150 Million Credit Facility to Support Continued Loan Growth

NewStar Financial Inc.

announced today that it has closed a $150 million secured credit facility through a financing subsidiary known as NewStar Commercial Funding 2012-1 LLC with an affiliate of Natixis Financial Products LLC. The proceeds will be used to refinance loan collateral previously funded in the company's 2009-1 CLO, as well as other facilities, and provide significant new lending capacity to support growing loan origination volume. The credit facility is NewStar's fifth warehouse credit line and brings total warehouse borrowing capacity to $650 million, which is expected to satisfy the company's short-term funding requirements for loan growth in 2012.