Atlanticus prices $400 million senior notes offering at 9.75%

ATLANTA - Atlanticus Holdings Corporation (NASDAQ:ATLC), a $944 million market cap financial services company with a "GREAT" financial health rating according to InvestingPro, announced Thursday it has priced an offering of $400 million aggregate principal amount of 9.750% Senior Notes due 2030, to be issued by the company and guaranteed by certain domestic subsidiaries.

The notes are expected to be issued on August 20, 2025, subject to customary closing conditions. Atlanticus plans to use the net proceeds to repay amounts outstanding under its recourse warehouse facilities, fund future acquisitions, potentially repay its 6.125% Senior Notes due 2026, and cover fees related to the offering. The company maintains strong liquidity with a current ratio of 14.63, indicating substantial coverage of short-term obligations.

The notes and related guarantees are being offered and sold to qualified institutional buyers under Rule 144A of the Securities Act of 1933 and to certain non-U.S. persons outside the United States in accordance with Regulation S. They have not been registered for sale under the Securities Act or state securities laws.

Atlanticus Holdings Corporation provides technology that enables financial services through bank, retail, and healthcare partners. The company, trading at a P/E ratio of 8.69 and showing impressive revenue growth of 26.2%, leverages its experience from servicing over 20 million customers and more than $44 billion in consumer loans during its operating history. InvestingPro analysis reveals 13 additional key insights about ATLC’s performance and potential, available to subscribers.

The company’s announcement included forward-looking statements regarding the closing of the notes and use of proceeds, noting these are subject to various risks and uncertainties that could cause actual results to differ from expectations.

This article is based on a press release statement from Atlanticus Holdings Corporation.

In other recent news, Atlanticus Holdings Corporation announced a plan to offer $400 million in Senior Notes due in 2030. The proceeds from this offering are intended to repay outstanding amounts under its recourse warehouse facilities, fund potential acquisitions, and potentially repay its 6.125% Senior Notes due in 2026. Additionally, the company aims to cover expenses related to the offering. In another development, JMP Securities raised its price target for Atlanticus Holdings to $78 from $75. This adjustment comes after Atlanticus reported strong second-quarter 2025 results, leading JMP to revise its forecast to reflect a faster pace of portfolio growth for both this year and 2026. These recent developments highlight significant financial maneuvers and optimistic analyst projections for Atlanticus.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.