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AloStar Capital Finance Commits $20MM to KIMCO Facility Services

June 13, 2018, 07:11 AM
Filed Under: Business Services

AloStar Capital Finance successfully agented and closed a $20 million committed credit facility to Kimco Facility Services, a national provider of cleaning services for the commercial, retail, industrial, municipal and hospitality industries.

“With support from AloStar, we have the ability to bid on new and larger opportunities, which is an important step in reaching our financial goals,” said Sandeep Gupta, CEO of Kimco Services. “They opened new doors for our Company at a critical moment, allowing us to continue providing excellent service to our customers while pursuing strategic growth.”
Kimco is a minority-owned Company with more than 7,000 employees, supported by a network of regional offices. It serves a client base of commercial properties, hotels, universities, municipalities and retail centers at over 17,000 sites across the country.

“After carefully considering Kimco’s business strategies and growth goals, we were able to provide the growth capital needed for our new client to pursue larger, more diverse opportunities,” said Andy McGhee, President of AloStar Capital Finance. “Our experienced team of lenders crafted a customized solution that will accelerate Kimco’s growth, empowering them to write their own success story.”

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