debt
confidence high
sentiment neutral
materiality 0.50
AlTi Global closes $85M senior secured credit facility with $32M delayed draw term loans
AlTi Global, Inc.
- $85M facility consists of $60M term loan commitments, including $32M delayed draw available up to 24 months, plus a $25M revolving credit facility.
- Borrowings bear interest at Adjusted Term SOFR plus 5.25% or Base Rate plus 4.25%, at the borrower's election; facility matures October 19, 2032.
- AlTi Global Holdings, LLC is the borrower; Diameter Finance Administration LLC is administrative agent and collateral agent.
- Obligations are guaranteed by AlTi Global and certain subsidiaries and secured by substantially all assets of the credit parties.
- Proceeds are for working capital and general corporate purposes not otherwise prohibited under the credit agreement.