NewStar Hires Mike Williams to Lead Asset-Based Lending in Midwest Region
July 27 2011 - 4:18PM
NewStar Business Credit, a division of NewStar Financial, Inc.
(Nasdaq:NEWS), announced today that it has hired Mike Williams as a
Senior Vice President in its Chicago office. Mr. Williams will lead
the division's regional marketing and origination efforts with
responsibility for generating new asset-based financing
opportunities with middle market companies in the Midwest.
Mr. Williams has more than 15 years of experience in
structuring, originating and managing debt financings for middle
market firms. Prior to joining NewStar, he was a Director with
Gordon Brothers Group in Chicago. Previously, he worked for UPS
Capital and PNC Business Credit.
"I am excited to join NewStar Business Credit's team of
experienced commercial finance professionals and to lead its
regional marketing efforts from the Chicago office," commented Mr.
Williams. "I also look forward to working with the NewStar
team to originate and structure creative and flexible financing
solutions for my clients in the middle market," he added.
"Mike is well known throughout the marketplace and will be a
great addition to our origination efforts in the Midwest region,"
said Milton Iskra, EVP and National Marketing Manager for NewStar.
"He adds strong marketing and credit skills as well as valuable
execution experience to the NewStar team."
NewStar Business Credit provides asset-based loans to mid-sized
companies operating across a variety of industries
nationwide. Deals typically range in size from $5 million to
$25 million and are structured to meet the unique needs of each
client through a combination of revolving lines of credit and term
loans.
About NewStar Financial, Inc.:
NewStar Financial (Nasdaq:NEWS) is a specialized commercial
finance company focused on meeting the complex financing needs of
companies and private investors in the middle markets. The
Company specializes in providing a range of senior secured
debt financing options to mid-sized companies to fund working
capital, growth strategies, acquisitions and recapitalizations, as
well as, equipment purchases. NewStar originates loans and
leases directly through teams of experienced, senior bankers and
marketing officers organized around key industry and market
segments. The Company targets hold positions of up to $30
million and will selectively underwrite or arrange larger
transactions for syndication to other lenders. NewStar is
headquartered in Boston MA and has regional offices in Darien CT,
Chicago IL, Dallas TX, Los Angeles CA and Philadelphia PA. For
more detailed information about our product capabilities, as well
as, recent transaction and contact information, please visit our
website at www.newstarfin.com.
The NewStar Financial, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4044
CONTACT: Mike Williams
Senior Vice President
NewStar Business Credit
101 N. Wacker Drive, Suite 607
Chicago, IL 60606
P 312.780.7397
C 312.953.1459
mwilliams@newstarfin.com
For Media Inquiries:
NewStar Financial, Inc.
Robert K. Brown
617.848.2558
rbrown@newstarfin.com
Newstar Financial, Inc. (MM) (NASDAQ:NEWS)
Historical Stock Chart
From May 2024 to Jun 2024
Newstar Financial, Inc. (MM) (NASDAQ:NEWS)
Historical Stock Chart
From Jun 2023 to Jun 2024