Atlanticus Holdings Boosts Portfolio with Senior Notes Sale

Atlanticus Holdings (ATLC) has released an update.

Atlanticus Holdings Corporation successfully expanded its financial portfolio by selling an additional $7.25 million of its 9.25% Senior Notes due in 2029, following the underwriters’ exercise of their purchase option. This move, part of a larger $50 million note sale under the same terms, netted the company approximately $54.1 million after fees and expenses. The sale’s legality was confirmed in a legal opinion, and the company publicized the transaction’s completion through a press release.

For further insights into ATLC stock, check out TipRanks’ Stock Analysis page.