debt
confidence high
sentiment neutral
materiality 0.65
Atlanticus closes $60M add-on offering of 9.25% Senior Notes due 2029, net proceeds ~$56.5M
Atlanticus Holdings Corp
- Issued $60M aggregate principal of 9.25% Senior Notes due 2029, including $5M from underwriters' option exercise.
- Net proceeds of approximately $56.5M after underwriting discounts and expenses.
- Proceeds to be used to redeem Class B preferred units of a subsidiary and/or for general corporate purposes.
- Notes are additional issuance of existing $57.25M series, trade on Nasdaq under 'ATLCZ'.
- Underwriters led by B. Riley Securities; rating from Egan-Jones of 'A'.