January 27, 2010 (FinancialWire) — NewStar Financial, Inc. (NASDAQ: NEWS), a specialized commercial finance company, said that its board of directors has authorized the repurchase of up to $10 million of the company’s common stock from time to time on the open market or in privately negotiated transactions.

The timing and amount of any shares repurchased will be determined by the company’s management based on its evaluation of market conditions and other factors. The repurchase program may be suspended or discontinued at anytime. Any repurchased shares will be available for use in connection with the company’s equity incentive stock plan and for other corporate purposes. The company also expects to establish from time to time 10b5-1 trading plans that will provide flexibility as it buys back its shares.

NewStar Financial, Inc. had approximately 49.2 million shares of common stock outstanding as of September 30, 2009.

NewStar Financial is a specialized commercial finance company focused on meeting the complex financing needs of companies and private investors in the middle markets.

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