Atlanticus to offer $400 million in senior notes due 2030

ATLANTA - Atlanticus Holdings Corporation (NASDAQ:ATLC), a $902 million market cap financial services company with a strong financial health rating according to InvestingPro, announced Tuesday it will offer $400 million in Senior Notes due 2030, to be guaranteed by certain of its domestic subsidiaries.

The financial services company, which maintains a healthy current ratio of 14.63 and impressive 71.54% gross profit margin, plans to use the proceeds to repay outstanding amounts under its recourse warehouse facilities, fund potential acquisitions, potentially repay its 6.125% Senior Notes due 2026, and cover offering-related expenses.

The notes and related guarantees are being offered only to qualified institutional buyers under Rule 144A of the Securities Act and to certain non-U.S. persons outside the United States in accordance with Regulation S.

The securities have not been registered under the Securities Act or state securities laws and cannot be offered or sold in the United States without registration or an applicable exemption from registration requirements.

Atlanticus provides technology that enables financial services through bank, retail, and healthcare partners. The company reports having serviced over 20 million customers and more than $44 billion in consumer loans throughout its operating history.

Through its Auto Finance subsidiary, Atlanticus also provides financing and service programs to automotive dealers and automotive non-prime financial organizations.

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

In other recent news, Atlanticus Holdings Corporation reported strong second-quarter 2025 earnings, prompting JMP Securities to raise its price target for the company from $75 to $78, maintaining a Market Outperform rating. This adjustment reflects expectations of accelerated portfolio growth for the remainder of this year and into 2026. Keefe, Bruyette & Woods also increased their price target for Atlanticus to $60, up from $52, following a first-quarter performance that exceeded expectations, driven by a change in the fair value line and strong underlying trends in receivables growth. Additionally, Atlanticus held its Annual Meeting of Shareholders, where all nominated directors were elected with the majority of votes. Earlier, JMP Securities had also adjusted Atlanticus’s price target to $72, citing a faster projected growth rate and increased marketing spending due to perceived macroeconomic stability. These developments provide insights into Atlanticus’s current financial trajectory and strategic initiatives.

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