Business
Atlanticus Closes $135 Million Offering of Senior Notes
ATLANTA, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” “the Company”, “we,” “our” or “us”), a financial
About this update from Atlanticus Holdings Corporation
[{"type":"text","content":"ATLANTA, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” “the Company”, “we,” “our” or “us”), a financial technology company which enables its bank, retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans, today announced the closing of its previously announced underwritten registered public offering (the “Offering”) of $135 million aggregate principal amount of 6.125% Senior Notes due 2026 (the “Notes”). The Offering resulted in net proceeds of approximately $130.3 million after deducting underwriting discounts and commissions, but before deducting expenses and the structuring fee. The Company granted the underwriters a 30-day option to purchase up to an additional $15 million aggregate principal amount of the Notes in connection with the Offering. The Company expects to use the net proceeds of this Offering for general corporate purposes. The Notes have been approved for listing on the Nasdaq Global Select Market (\"Nasdaq\") under the symbol \"ATLCL\" and are expected to begin Nasdaq trading on November 23, 2021. B. Riley Securities, Inc., Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc., and William Blair & Co., L.L.C. acted as book-running managers for the Offering. EF Hutton, division of Benchmark Investments, LLC acted as lead manager for the Offering. Aegis Capital Corp., Brownstone Investment Group, LLC, InspereX LLC, Maxim Group LLC and B.C. Ziegler & Company acted as co-managers for the Offering. Troutman Pepper Hamilton Sanders LLP acted as legal counsel to the Company. Duane Morris LLP acted as legal counsel to the underwriters. The Offering of these Notes was made pursuant to an effective shelf registration statement on Form S-3, which was initially filed with the Securities and Exchange Commission (the “SEC”) on May 6, 2021 and declared effective by the SEC on May 13, 2021. The Offering was made only by means of a prospectus and prospectus supplement. A copy of the prospectus and prospectus supplement relating to these securities may be obtained from the website of the SEC at http://www.sec.gov or by contacting: B. Riley Securities, Inc., 1300 17th Street North, Suite 1300, Arlington, Virginia 22209, Attn: Prospectus Department, Email: [email protected], Telephone: (703) 312-9580. This press relea...