AlTi Global Signs $85M Senior Secured Credit Facility, Refinances Existing Debt
ALTI is trading near its 52-week low of $2.26 (8.4% above the low).
Summary
AlTi Global closed an $85 million senior secured credit facility with Diameter and Kennedy Lewis — $60 million of term loans (including $32 million delayed draw) and a $25 million revolver — to refinance existing debt and fund acquisitions and preferred dividends. Pricing is private-credit level at SOFR plus 5.25%.
Key Events · Financing and Capital Events · ALTI
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New $85M Secured Facility Signed
Credit agreement dated October 19, 2026 provides $60.0M of term loan commitments (including $32.0M delayed draw) and a $25.0M revolving facility, maturing October 19, 2032.
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Private-Credit Pricing
Borrowings bear Adjusted Term SOFR plus 5.25% or Base Rate plus 4.25%, with a 0.75% SOFR floor — a high coupon that raises cash interest expense versus prior debt.
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Refinances All Existing Borrowings
Closing condition required all existing third-party debt for borrowed money to be repaid or discharged, leaving only this facility and Permitted Surviving Debt (including the small Kontora facility, to be repaid before German guarantor accession).
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Delayed Draw Earmarked for Deals and Preferred
The $32.0M delayed draw tranche is available for 24 months and may fund permitted acquisitions and cash dividends on the Series C preferred; the revolver supports working capital.
Analysis · ALTI · Finance
AlTi Global has replaced its existing third-party borrowings with an $85 million senior secured facility from Diameter Capital and Kennedy Lewis — $60 million of term loan commitments (half of it delayed draw) plus a $25 million revolver, maturing in 2032. Pricing is expensive: SOFR plus 5.25% (or Base Rate plus 4.25%) is a private-credit rate, consistent with a company that carries an unremediated material weakness in financial controls and a declining cash balance, as previously disclosed in the Q2 10-Q. The delayed draw tranche, available for 24 months, is explicitly earmarked for acquisitions and for cash dividends on the Series C preferred — so the facility funds both growth and a preferred obligation. The 6.00x total net leverage covenant is loose, but the equity-cure right and the 2%/1% prepayment premium in the first two years show the lenders hold the leverage. No equity was issued and no dilution occurs from this filing; the trade-off is higher cash interest expense against extended maturity and a funded acquisition pipeline.
How filings like this one have moved
In the 30 days to Oct 20, 2026, 29.2% of the 1466 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ALTI was trading at $2.45 on NASDAQ in the Finance sector, with a market capitalization of approximately $382.1M. The 52-week trading range was $2.26 to $5.45. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.