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Company Description

Contact Info

500 Boylston Street

Suite 1250

Boston, MA 02116

United States

Phone: 617-848-2500

Fax: 617-848-4300

iness services, auto/transportation, marketing, retail, general manufacturing, wholesale distribution; and, and technology. The company’s asset-based credit products include revolving lines of credit and senior secured term loans. Real Estate The company’s Real Estate group provides first mortgage, transitional financing to professional real estate investors and developers to acquire and reposition commercial properties. The company sources its commercial real estate loans primarily through property investors, specialized commercial real estate brokers, regional banks and other financial intermediaries, as well as through its strategic partners. The company has a focus on property types where it has significant lending and underwriting experience, including office, multi-family, retail, and industrial. Equipment Finance The company’s 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. Its 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. It focuses on companies across an array of industries, including business services, healthcare, telecommunications, financial services, education, retail and manufacturing. Asset Management As a registered investment adviser, the company offers investment products for qualified institutions to invest in private credit funds managed by it that employ credit oriented strategies, focused on middle market loans and liquid tradeable credit. The company develops an asset management platform to provide investment strategies targeting middle market loans. In October 2015, the company acquired Boston-based FOC Partners, a boutique credit manager and also a registered investment adviser. The company operates FOC Partners as a wholly owned subsidiary under the name NewStar Capital. NewStar Capital manages two private debt funds with direct lending strategies, six broadly syndicated CLOs with liquid loan strategies, and a series of other funds and accounts. 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. These loans are generally 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 typically 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). Loan Portfolio The company’s loan portfolio is comprised of loans, leases and other debt products. Regulation The company is registered as an investment adviser under the Investment Adviser Act of 1940 as a result of SEC rules promulgated under the D

 

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Industry Average

Valuation NEWS Industry Range
Price/Earnings 25.1x
Price/Sales 6.6x
Price/Book 0.7x
Price/Cash Flow 25.0x
TEV/Sales NM Not Meaningful
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