Atlanticus Holdings prices $400M debt offering via issuance of senior notes

Atlanticus Holdings (NASDAQ:ATLC [https://seekingalpha.com/symbol/ATLC]) has announced the pricing [https://seekingalpha.com/pr/20202218-atlanticus-holdings-corporation-announces-pricing-of-400-million-senior-notes-offering] of $400 million principal amount of 9.750% senior notes due 2030.

The notes are expected to be issued on August 20, 2025.

The company plans to use the net proceeds from the notes offering primarily to pay down its recourse warehouse facilities. The remaining funds will be used for general corporate purposes, including future acquisitions, and to pay off the 6.125% senior notes due in 2026. The proceeds will also cover fees and expenses related to the offering.

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