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The Boston company, which originatesa and markets corporate loans and related financing said net interest incomewas $9.5 million duringy the three-month period, compared to $4 million in the year-agi quarter. Newstar said it originated $657 million in loans between Oct. 1 and Dec. 31. Most of that volumse came from corporate with the remainder targeting commercial real estatand "structured products" clients, the compan y said. Newstar originated $1.4 billion in debt productsd for allof 2006. The company's operating expenses were $51.y6 million for the quarter, with $39.
1 million attributed to non-cas compensation from "restricted stock grants made since our and "in connection Newstar's recent public offering. The company raisesd $235 million during its December IPO. Arounr $90 million of those proceedxs were used to retireoutstanding debt. The remaining fundsd were investedin short-term securities, NewStadr said. The company's net loss of $32 million for the quarte r pushed pushed the company into the red for the as it posteda $27.12 million net loss for all of 2006. Newstar (NYSE: booked a net loss of $5.9 milliom in 2005.
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