Company: ATLCL
Filing Date: 2025-08-20
Form Type: 8-K
Source: 0001437749-25-027466
Chunk: 0

Company: Atlanticus Holdings Corp
Filing Date: 2025-08-20
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01.      Entry into a Material Definitive Agreement.  

On August 20, 2025, Atlanticus Holdings Corporation (the “ Company”) completed its private offering of $400,000,000 aggregate principal amount of 9.750% Senior Notes due 2030 (the “ Notes”).

The Company intends to use the net proceeds from the offering of the Notes (i) to repay amounts outstanding under its recourse warehouse facilities, (ii) for general corporate purposes, including to fund future acquisitions of portfolios and associated businesses and to fund the partial or full repayment of its 6.125% Senior Notes due 2026 on or prior to maturity and (iii) to pay fees and expenses in connection with the offering.

The Notes are governed by an indenture, dated as of August 20, 2025 (the “ Indenture”), among the Company, certain of the Company’s domestic subsidiaries, as guarantors, and U. S. Bank Trust Company, National Association, as trustee.

The Notes bear interest at a rate of 9.750% per annum, payable semi-annually in arrears on March 1 and September 1 of each year, beginning on March 1, 2026. The Notes are unconditionally guaranteed on a senior unsecured basis by certain of the Company’s domestic subsidiaries.

At any time and from time to time prior to September 1, 2027, some or all of the Notes are redeemable for cash at a redemption price equal to 100% of their principal amount, plus the applicable “make-whole” premium described in the Indenture and accrued and unpaid interest, if any, to, but excluding, the applicable redemption date. Beginning on September 1, 2027, some or all of the Notes are redeemable at any time and from time to time at the applicable redemption prices listed in the Indenture, plus accrued and unpaid interest, if any, to, but excluding, the applicable redemption date. In addition, at any time and from time to time prior to September 1, 2027, up to 40% of the aggregate principal amount of the Notes are redeemable with funds from one or more equity offerings at a redemption price equal to 109.750% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the applicable redemption date.

If the Company experiences a Change of Control (as defined in the Indenture),