Atlanticus Holdings Corporation has announced the completion of a private offering amounting to $400 million in 9.750% Senior Notes due 2030. The proceeds from this offering are earmarked for repaying outstanding amounts under its recourse warehouse facilities, general corporate purposes, and potentially the partial or full repayment of its 6.125% Senior Notes due 2026. Beginning March 1, 2026, interest on the Notes will be payable semi-annually. Additionally, these Notes can be redeemed under specific conditions set forth in the governing indenture. The indenture also includes covenants impacting the company's financial activities and provides for customary events of default.
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