NewStar Business Credit announced that it has provided a revolving credit facility totaling $10 million to Aphena Pharma Solutions Holding and subsidiaries (Aphena). Headquartered in Trevose, PA, Aphena provides a wide range of packaging solutions to the pharmaceutical, OTC, nutraceutical, animal health, consumer health and medical device markets. Aphena is a portfolio of Enhanced Equity Funds (EEF), a private equity firm focused exclusively on investing in the healthcare industry. The revolving credit facility will be used by Aphena to refinance existing debt and support future growth.

"It has been a pleasure working with a team that understands our business. Their approach and complementary perspectives are the differentiators which will contribute to a long-term partnership. We are excited to partner with NewStar as we continue to grow our business," said Kevin H. Kerchner, CEO of Aphena.

"We went through an extensive process to select an asset-based lender that met our requirements. NewStar was definitely our best option and we look forward to a strong relationship with them," added Joseph A. Del Buono, CFO of Aphena.

"When it comes to your health, the safety and convenience of packaging may be taken for granted by some, but we understand its importance and are pleased to have the opportunity to work with a leading packaging solution provider like Aphena to meet their financial needs," said Milton Iskra, national marketing manager.

NewStar Business Credit provides asset-based and senior, secured “stretch” loans nationally to middle-market companies with credit requirements between $5 million and $25 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.