Atlanticus Holdings Corporation announced on August 15, 2025, the successful pricing of its offering of $400,000,000 aggregate principal amount of 9.750% Senior Notes due 2030. This follows the initial announcement of the offering earlier in the week. The notes will be issued by the company and guaranteed by certain domestic subsidiaries.
The Senior Notes are expected to be issued on August 20, 2025, subject to the satisfaction or waiver of customary closing conditions. The 9.750% interest rate provides a clear cost of capital for this financing. This pricing finalizes the terms of the debt issuance.
The proceeds from these notes are intended to repay existing recourse warehouse facilities and for general corporate purposes. This financing move enhances the company's liquidity and capital structure. It supports Atlanticus's continued growth in managed receivables and customer acquisition efforts.
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