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NEWS > SEC Filings for NEWS > Form 8-K on 3-Dec-2013All Recent SEC Filings

Show all filings for NEWSTAR FINANCIAL, INC.



Entry into a Material Definitive Agreement, Creation of a Direct Financia

Item 1.01 Entry into a Material Definitive Agreement.

On November 26, 2013, NewStar Financial, Inc. (the "Company") entered into the Second Amendment (the "Amendment") to Fifth Amended and Restated Loan and Servicing Agreement (the "Agreement") dated as of November 5, 2012, by and among NewStar CP Funding LLC, as the borrower, the Company, as the originator and the servicer, and Wells Fargo Securities, LLC, as the administrative agent.

The Amendment, among other things (a) increases the commitment amount under the NewStar CP Funding LLC facility to $275,000,000 from $175,000,000, (b) increases the amount by which the commitment amount may be increased to up to $325,000,000, which increase is permitted at the request of the borrower and the approval of the administrative agent in its sole discretion, and (c) modifies the concentration limits to provide for increases in the Adjusted Borrowing Values of Eligible Loans in the event the Facility Amount exceeds certain specified threshold amounts, among other things.

The Amendment also requires the borrower and the Company to comply with various financial and other covenants. In addition, the Amendment contains customary events of default and servicer defaults (subject to certain materiality thresholds and grace and cure periods) customary for transactions of this type.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which has been filed with this Current Report on Form 8-K as Exhibit 10.1. On December 3, 2013, the Company issued a press release announcing the completion of the Amendment. The press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.


(d) Exhibits

10.1 Second Amendment to Fifth Amended and Restated Loan and Servicing Agreement, dated as of November 26, 2013, by and among NewStar CP Funding LLC, NewStar Financial, Inc., and Wells Fargo Securities, LLC. Filed herewith.

99.1 Press Release of NewStar Financial, Inc. dated December 3, 2013. Filed herewith.

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