KellTech secures credit facility from AloStar


AloStar Capital Finance has provided a credit facility for KellTech, an information technology and outsourcing company in India. No financial terms were disclosed. The financing will be used to facilitate Kellton Tech’s growth.

PRESS RELEASE

ATLANTA (November 8, 2018) – AloStar Capital Finance successfully agented and closed a committed credit facility for Kellton Tech and its subsidiaries, an information technology and outsourcing company headquartered in India. This strategically meaningful line of credit will allow Kellton Tech to facilitate their current and future growth objectives.

“AloStar provided the capital needed to achieve our current growth goals in the U.S. market, and we look forward to continuing this partnership as we expand our global offerings,” said Srinivas Potluri, CEO of Kellton Tech.

Kellton Tech is an information technology (IT) services organization providing end‐to‐end IT solutions, strategic technology consulting and offshore product development services for over 200 clients worldwide, ranging from entry-level enterprises to Fortune 1000 companies. Through its subsidiaries, the Company provides custom software development, cloud solutions, total business integrations and on-demand application support to clients in the U.S.

“Our team of experienced advisors took the time to understand Kellton Tech’s needs and delivered a creatively structured credit facility that supports the company’s U.S. growth strategy,” said Andy McGhee, President of AloStar Capital Finance. “We’re pleased to be their one-stop financing solution as they continue to empower organizations worldwide with cutting-edge IT solutions.”

To learn more about AloStar Capital Finance visit BusinessCredit.AloStarBank.com.

About AloStar Capital Finance
AloStar Capital Finance provides capital and counsel to business leaders across America who are creating their own success stories. Through our Asset-Based and Lender Finance platforms, we create customized lending solutions for customers with capital requirements up to $60 million. To date, AloStar has closed more than 200 deals with commitments totaling more than $2.4 billion. At AloStar, you’ll have direct access to decision makers who are responsive, flexible and eager to help you write your success story.
AloStar Capital Finance is a division of State Bank and Trust Company, Member FDIC. For more information, visit www.AloStarBank.com.
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