Daily News: June 13, 2018

AloStar Agents $20MM Facility for Kimco


AloStar Capital Finance agented a $20 million committed credit facility for 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.