Kempstar LLC (“Kempstar”), a market leader in the commodities industry, has today announced the closure of its new U.S Asset Based Loan and Term Loan Facilities for an undisclosed amount. The Facilities were strongly supported by the underwriter Banesco USA. “We are excited to finance such a dynamic group of professionals and to be a part of Kempstar’s growth and success,” says Alina Garcia-Duany, Executive Vice President, Chief Lending Officer of Banesco USA.
“We’re delighted that Kempstar’s relationship with the banking community continues to strengthen and deepen,” said Dan Kempler, CEO and co-Founder, for Kempstar. “We’re seeing numerous opportunities across the commodities we trade coupled with Kempstar’s ability to deliver profitable and sustained growth. These Facilities will help us increase our tradable volume and launch Kempstar to the next level.”