NewStar Business Credit, a division of NewStar Financial, Inc. announced it has hired David Teszler as a Senior Vice President in its Atlanta, GA office. Teszler will be responsible for generating new asset-based financing opportunities with middle market companies in the Southeast, adding to NewStar’s marketing and origination efforts in the region.
Teszler has more than 29 years of experience originating, restructuring and managing debt financings for middle market firms. Prior to joining NewStar, he was a Principal and co-founder of Commenda Securities, LLC, a broker-dealer focused on providing growth capital to small and mid-sized companies. Teszler’s prior experience included similar positions at Textron Financial, Wells Fargo and Finova Capital.
“I am excited to join the NewStar team and to help the firm continue to grow its asset-based lending business in the Southeast. I am looking forward to being a part of a strong organization with a great product offering and an experienced team of lenders.”
“David is a great addition to our origination efforts in the region,” said Milton Iskra, EVP and National Marketing Manager for NewStar. “He adds depth to our team with a valuable combination of marketing coverage, credit skills and deal execution experience.”
NewStar Business Credit provides asset-based loans to mid-sized companies operating across a wide range of industries in the middle market. Newstar offers a variety of flexible financing options through a combination of revolving lines of credit and term loans, targeting deal sizes from $5 million to $30 million.
NewStar Financial 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 Atlanta GA, Chicago IL, Dallas TX, Darien CT, Los Angeles CA, New York NY, Philadelphia PA, Portland OR, and San Francisco CA.