other material
confidence high
sentiment neutral
materiality 0.60
Atlanticus enters $100M ATM sales agreement for preferred stock and senior notes with B. Riley
Atlanticus Holdings Corp
- Up to $100M aggregate offering of 7.625% Series B Cumulative Perpetual Preferred Stock and 9.25% Senior Notes due 2029.
- Sales agent B. Riley Securities to receive 2% commission; sales can be made on Nasdaq.
- ATM Notes will be additional issuance of existing $117.25M 9.25% Notes due 2029, same terms.
- Net proceeds for general corporate purposes; program can be suspended by either party.
- Fifth supplemental indenture executed with U.S. Bank Trust Company as trustee.