debt
confidence high
sentiment positive
materiality 0.80
Atlanticus commences add-on offering of 9.25% Senior Notes due 2029 with preliminary Q2 results
Atlanticus Holdings Corp
- Announced underwritten public add-on offering of 9.25% Senior Notes due 2029 (ATLCZ) to raise additional funds; existing $57.25M issued Jan/Feb 2024.
- Preliminary Q2 2024: unrestricted cash ~$351M, loan gross balance ~$2.415B, notes payable ~$1.879B, total revenue ~$316M.
- Preliminary net income attributable to common shareholders expected in range of $17-18 million for Q2 2024.
- Received an "A" rating from Egan-Jones Ratings Company for the notes offering.
- Underwriters include B. Riley Securities, Janney Montgomery Scott, Lucid Capital Markets, William Blair; co-managers A.G.P. and Clear Street.