Atlanticus Holdings (ATLC) has released an update to notify the public and investors about an entry into a material definitive agreement.
Atlanticus Holdings Corporation issued and sold $50 million in 9.25% Senior Notes due 2029, with an option for underwriters to purchase an additional $7.5 million in notes. The sale, finalized on January 30, 2024, followed an underwriting agreement with B. Riley Securities, Inc. and was conducted under a prospectus supplement and registration statement filed with the SEC. The notes, unsecured and ranking equally with other senior unsecured debt, are payable quarterly and will mature on January 31, 2029. A third supplemental indenture to the base indenture was also executed, setting forth terms for the notes’ issuance.
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For a comprehensive understanding of the announcement, you can read the full document here.
