Asset Based Revolving Credit Facility

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Trinity Capital Inc. Provides Alt Platform Inc. with up to $40 Million Asset Based Credit Facility
Prnewswireยท 2025-07-18 13:00
Company Overview - Trinity Capital Inc. is a leading alternative asset manager that has committed up to $40 million in an asset-based revolving credit facility to Alt, an online marketplace for investment-grade trading cards [1][3] - Alt, founded in 2020 and headquartered in San Francisco, operates globally in 76 countries, providing a full-service marketplace for buying, selling, vaulting, and borrowing against trading cards [2][3][6] Industry Insights - The partnership between Trinity Capital and Alt is expected to unlock significant demand for trading cards among collectors and investors, enhancing liquidity and transparency in a traditionally fragmented market [3][4] - Alt's proprietary valuation tool, "Alt Value," utilizes market data and AI analytics to provide real-time valuations and insights, which is crucial for investors in the trading card market [2][7] Financial Implications - The capital infusion from Trinity Capital will enable Alt to extend larger loans and provide instant cash advances, thereby improving liquidity for collectors and facilitating multimillion-dollar loans [4] - Since its inception in 2008, Trinity Capital has deployed over $4.3 billion across more than 400 investments, indicating a strong track record in private credit markets [5]