AloStar Capital Finance has provided a $50 million credit facility for KCAP, a publicly traded business development company. The capital will be used to expand KCAP’s portfolio and grow its investment appreciation.
ATLANTA (June 6, 2018) – AloStar Capital Finance successfully agented and closed a $50 million committed credit facility for KCAP, a publicly traded Business Development Company (“BDC”).
“Thanks to AloStar, we will be able to expand our portfolio and grow investment appreciation,” said Dayl Pearson, CEO of KCAP. “Access to capital is paramount to our success as a company and we knew we had to rely on a source with a strong track record of integrity and value-added services, making AloStar an easy and ideal choice.”
The Company provides three principal areas of investment: Debt securities, asset management companies, and collateralized loan obligation fund securities.
“We’ve worked closely with senior leadership at KCAP to ensure that the financing solution met the current and future financing goals of the Company,” said Andy McGhee, President of AloStar Capital Finance. “We’re confident this deal will be of significant value to the customer and strengthen their already robust areas of investment.” 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 180 deals with commitments totaling more than $2.3 billion.
At AloStar, you’ll have direct access to decision makers with deep capital industry experience 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.