NewStar Financial fully redeems its NewStar Trust 2005-1 at par

By Toni Weeks

San Luis Obispo, Calif., Oct. 28 - NewStar Financial, Inc. issued a call on Oct. 25 to redeem its NewStar Trust 2005-1 at par, according to an 8-K filing with the Securities and Exchange Commission.

At issuance in August 2005, the NewStar Trust 2005-1 provided for a three-year reinvestment period and had an original maturity date of July 25, 2018.

The trust is the second term debt securitization that the company has completely paid off, the filing noted.

NewStar is a Boston-based commercial finance company focused on middle-market companies and private investors.

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