Press Release: NewStar Business Credit Provides $7.5MM Facility to Decisive Communications

August 11, 2015 03:20 PM
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NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., announced today that it has provided senior secured credit facilities totaling $7,500,000 to Decisive Communications, Inc. (“Decisive” or the “Company”).  Headquartered in Frederick, Maryland, Decisive provides a wide range of specialized contracting services to the telecommunications industry, including fulfillment services and related technical support for leading cable/broad band providers, engineering and construction management for system builds, as well as fiber restoration and maintenance services. The Company employs more than 400 people and serves a market territory stretching from New England to the Southeast.  The credit facilities include a revolving line of credit and a ‘senior stretch’ term loan, which will be used to repay certain existing obligations and support the Company’s working capital needs in connection with planned growth.

“I’m very happy to partner with NewStar to assist Decisive with its financing needs.  We are looking forward to NewStar playing an important role in our growth plans over the coming years.  They assembled a very compelling proposal, which we found to be far superior to their competition,” said Decisive CFO, Rick Sander.

“Decisive is well-established technical service provider with a great reputation in its markets and we are happy to partner with the company and its management team to support their growth plans,” stated NewStar EVP and National Marketing Manager, Milton Iskra. 

The transaction was originated by Kenneth Frank, a Senior Vice President located in NewStar’s Philadelphia office.

NewStar Business Credit provides asset-based and senior, secured “stretch” loans nationally to middle market companies with credit requirements between $5 million and $35 million.  Deal structures are flexible and tailored to meet each client’s unique needs.  Funds can be used for a wide range of purposes, including strategic acquisitions, management buyouts, recapitalizations and refinancings, as well as, to support internal growth strategies.

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