Press Release April 21, 2021

Car Capital Closes $20 Million Inaugural Debt Financing with Medalist Partners

Alston & Bird client Car Capital Technologies, an automotive FinTech company, has closed a $20 million line of credit in its first asset-based debt financing.

Facilitated by privately held alternative credit manager Medalist Partners, the loan facility will allow Car Capital to expand its dealer network, fund more car purchases, and grow revenue.

Car Capital is a wholly owned subsidiary of Car Capital Technologies Inc. and is based in Grapevine, TX. Its proprietary, web-based platform enables franchise and independent dealers to make immediate modifications to auto loan deal terms in real-time based on the economics of each car and consumer.

Advising Car Capital on the financing is an Alston & Bird team led by partner Mark Harris and assisted by partner Tara Castillo, associate Andrew Burton (Finance), and partner Jonathan Edwards (Financial Restructuring & Reorganization).

Media Contact
Nicholas Clarke
Senior Communications Manager
Phone: 212.210.1222

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