Business
Atlanticus Prices $135 Million Offering of Senior Notes
ATLANTA, Nov. 17, 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. 17, 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 pricing of its underwritten registered public offering (the “Offering”) of $135 million aggregate principal amount of 6.125% Senior Notes due 2026 (the “Notes”). The Company has 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 Offering is expected to close on or about November 22, 2021, subject to customary closing conditions. The Company expects to use the net proceeds of this Offering for general corporate purposes. In connection with the Offering, the Company has applied to list the Notes on the Nasdaq Global Select Market (\"Nasdaq\") under the symbol \"ATLCL.\" If approved for listing, trading on Nasdaq is expected to commence within 30 business days after the Notes are first issued. The Company and this issuance of Notes received an “A” rating from Egan-Jones Ratings Company, an independent, unaffiliated rating agency. Ratings are not a recommendation to purchase, hold or sell Notes, inasmuch as the ratings do not comment as to market price or suitability for a particular investor. The ratings are based upon current information furnished to the rating agency by the Company and information obtained by the rating agency from other sources. The ratings are only accurate as of the date thereof and may be changed, superseded or withdrawn as a result of changes in, or unavailability of, such information, and therefore a prospective purchaser should check the current ratings before purchasing the Notes. Each rating should be evaluated independently of any other rating. B. Riley Securities, Inc., Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc., and William Blair & Co., L.L.C. are acting as book-running managers for this offering. EF Hutton, division of Benchmark Investments, LLC is acting as lead manager for this offering. Aegis Capital Corp., Brownstone Investment Group, LLC, InspereX LLC, Maxim Group LLC and B.C. Ziegler & Company are acting as co-managers for this offering. The Offering...