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Middle Market
Additional Information
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Retail
(Primary / Secondary)
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| Deal Sources |
Leading senior debt underwriters
Middle market private equity funds
Investor Community |
| NewStar’s Role |
The client has already engaged an administrative agent to lead the senior or second lien financing
Provide partial underwriting or participant commitment |
| Target Company |
EBITDA of $5 to $30 million
Single B or better |
| Target Commitment |
Up to $100 million – Underwrite
Up to $35 million – Hold |
| Execution |
NewStar will join the underwriters to provide additional balance sheet capacity and underwrite a portion of the client’s total underwriting need
NewStar is engaged by the administrative agent or sponsor to participate pre-launch or during general syndication effort
Financing is closed and NewStar is buying a piece of the deal from an underwriting agent or investor |
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