Atlanticus prices $50M offering of senior notes

Atlanticus Holdings announced the pricing of its underwritten registered public offering of $50 million aggregate principal amount of 9.25% Senior Notes due 2029. The Company has granted the underwriters a 30-day option to purchase up to an additional $7.5 million aggregate principal amount of the Notes in connection with the Offering. The Offering is expected to close on or about January 30, 2024, subject to customary closing conditions. The Company expects to use the net proceeds of this Offering to redeem a portion of the Class B preferred units issued by one of the Company’s subsidiaries and/or for general corporate purposes. In connection with the Offering, the Company has applied to list the Notes on the Nasdaq Global Select Market under the symbol “ATLCZ.” If approved for listing, trading on Nasdaq is expected to commence within 30 business days after the Notes are first issued. B. Riley Securities, Inc., Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc., William Blair & Co., L.L.C., and BTIG, LLC are acting as book-running managers for this Offering. Brownstone Investment Group, LLC is acting as co-manager for this Offering.