Global Legal Chronicle | Car Capital’s $20 Million 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.

Tara Castillo, Mark Harris, Robin Regan, David Rutherford, Andrew Burton, Liz Hilton, Ann Kresge, Pam Wheeler, Clay Littlefield, Jonathan Edwards, Jacob Johnson, Blake Estes, and Jonathan Rose are noted for representing Regional Management Corp. in a new warehouse facility with JP Morgan.

Alston & Bird client Regional Management Corp., a diversified consumer finance company, has expanded its warehouse facility capacity to $300 million by closing on a new warehouse facility with JP Morgan.

Tara Castillo, Mark Harris, Clay Littlefield, David Baum, Nanci Weissgold, Jonathan Rose, William Hao, Ross Speier, Jacob Johnson, Andrew Claytor, Andrew Burton, and Krishna Pathak are noted for representing Regional Management Corp. in closing a private offering of $250 million of asset-backed notes, its largest securitization to date.

Alston & Bird client Trade X, a Toronto business-to-business automotive trading platform, has closed a senior secured revolving line of credit of up to $100 million.