Atlanticus prices $400 million in senior notes at 9.75% interest

ATLANTA - Atlanticus Holdings Corporation (NASDAQ:ATLC), a financial services company with a "GREAT" financial health score according to InvestingPro, announced Thursday it has priced an offering of $400 million in senior notes with a 9.75% interest rate due in 2030.

The notes, which will be guaranteed by certain domestic subsidiaries of the financial services company, are expected to be issued on August 20, 2025, subject to customary closing conditions.

According to the company’s press release statement, Atlanticus plans to use the proceeds to repay outstanding amounts under its recourse warehouse facilities, fund potential future acquisitions, potentially repay its 6.125% Senior Notes due in 2026, and cover fees related to the offering.

The notes are being offered only to qualified institutional buyers under Rule 144A of the Securities Act of 1933 and to certain non-U.S. persons outside the United States under Regulation S. The securities have not been registered 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 leverages proprietary analytics built from servicing over 20 million customers and more than $44 billion in consumer loans throughout its operating history.

The transaction represents a significant debt offering for the consumer financial services provider as it seeks to restructure its existing obligations and prepare for potential expansion opportunities.

In other recent news, Atlanticus Holdings Corporation has announced the pricing of a $400 million senior notes offering at an interest rate of 9.75%, with the notes expected to be issued by August 20, 2025. The company plans to use the proceeds to repay outstanding amounts under its recourse warehouse facilities, fund potential acquisitions, and potentially repay its 6.125% Senior Notes due 2026. Additionally, Atlanticus confirmed its intention to offer $400 million in Senior Notes due 2030, guaranteed by certain domestic subsidiaries. This financial maneuver aims to cover offering-related expenses and support strategic financial operations. In another development, JMP Securities has raised its price target for Atlanticus Holdings to $78 from $75, maintaining a Market Outperform rating. The revised price target is attributed to Atlanticus’s robust second-quarter 2025 results, which have led to expectations of accelerated portfolio growth. These updates reflect significant financial strategies and analyst assessments impacting Atlanticus Holdings.

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