debt
confidence high
sentiment neutral
materiality 0.65
Atlanticus announces Senior Notes offering and preliminary Q4 revenue $309M
Atlanticus Holdings Corp
- Commenced underwritten public offering of Senior Notes due 2029; apply to list on Nasdaq under symbol ATLCZ.
- Preliminary Q4 2023: total revenue ~$309M, net income attributable to common shareholders $18-20M.
- Unrestricted cash ~$339M; aggregate gross loans ~$2,411M; notes payable ~$1,862M.
- Notes rated 'A' by Egan-Jones; proceeds to redeem Class B preferred units and/or general corporate purposes.
- Underwriters: B. Riley Securities, Janney, Ladenburg, William Blair, BTIG, and Brownstone as co-manager.