ive focus on property types where the company has significant lending and underwriting experience, including: office; multi-family; retail; and industrial. Equipment Finance The Equipment Finance group provides a range of equipment loan and lease financing options to mid-sized companies to fund various types of capital expenditures. The company finances essential-use equipment for mid-sized businesses nationwide. The Equipment Finance group offers various leases and loan products with various end-of-term options to fund a range of equipment types, including manufacturing, technology, healthcare, transportation, and telecom equipment. The company also offers lease lines to meet customers’ needs for planned capital expenditures. The company focuses on companies with annual sales of at least $25 million across industries, including business services, healthcare, telecommunications, financial services, education, retail and manufacturing. Asset Management The company offers investment products for qualified institutions to invest in private credit funds managed by the company. The company’s asset management activities provide opportunities for both high margin fee revenue and important strategic benefits. The company invests in the Arlington Fund and the Clarendon Fund. Loans and Other Debt Products Senior secured cash flow loans: The company’s senior secured cash flow loans are provided by its Leveraged Finance group. The company underwrites these loans based on the cash flow, profitability and enterprise value of the borrower, with the value of any tangible assets as secondary protection. These loans are secured by a first-priority security interest in all or substantially all of the borrowers’ assets and, in certain transactions, the pledge of their common stock. Senior secured asset-based loans: The company’s senior secured asset-based loans are provided primarily by its Business Credit group, and to a lesser degree by its Leveraged Finance group, and are secured by a first-priority lien on tangible assets and have a first-priority in right of payment. Senior secured asset-based loans are advanced under revolving credit facilities against a borrowing base comprised of collateral, including eligible accounts receivable, inventories and other long-term assets. First mortgage loans: The company’s first mortgage loans are provided by its Real Estate group and are secured by a mortgage bearing a first lien on the real property serving as collateral. Other: The company’s other loans and debt products are categorized as senior subordinated asset-based (which are equal as to collateral and subordinate as to right of payment to other senior lenders); second lien (which are second liens on all or substantially all of a borrower’s assets, and in some cases, junior in right of payment to senior lenders); and mezzanine/subordinated (which are subordinated as to rights to collateral and right of payment to senior lenders). Regulations During 2012, the company registered as an investment adviser under the Investment Adviser Act of 1940 as a result of the Securities and Exchange Commission rules promulgated under the Dodd-Frank Wall Street Reform and Consumer Protection Act. History NewStar Financial, Inc. was founded in 2004.
newstar financial inc
(NEWS:Consolidated Issue Listed on NASDAQ Global Select )
500 Boylston Street
Boston, MA 02116
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