Company: ATLCL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015559
Chunk: 160

Company: Atlanticus Holdings Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 160
---
leasing arrangements with third parties for space at our corporate headquarters. A right-of-use asset and liability was recorded at the commencement date of this lease.
    
   We exercised an expansion right under the Headquarters lease to add an additional 26,133 square feet (the "Expansion space") at our corporate headquarters. The Expansion space term commenced on  December 23, 2024. The Expansion space co-terminates with the Headquarters lease. The other lease terms for the Expansion space are the same as those for the initial space leased under the Headquarters lease. The total remaining commitment under this lease is approximately $31.9 million and is included in the table above.
    
   In addition, we occasionally lease certain equipment under cancelable and non-cancelable leases, which are accounted for as capital leases in our condensed consolidated financial statements. As of  March 31, 2025, we had no material non-cancelable capital leases with initial or remaining terms of more than one year.

       19

   9. Notes Payable 

   Notes Payable, at Face Value
    
   Other notes payable outstanding as of  March 31, 2025 and  December 31, 2024 that are secured by the financial and operating assets of either the borrower, another of our subsidiaries or both, include the following, scheduled (in millions); except as otherwise noted, the assets of our holding company (Atlanticus Holdings Corporation) are subject to creditor claims under these scheduled facilities:
   
       As of  
   March 31, 2025    December 31, 2024  
 Revolving credit facilities at a weighted average interest rate equal to 7.1% as of March 31, 2025 (7.0% as of December 31, 2024) secured by the financial and operating assets of CAR and/or certain receivables and restricted cash with a combined aggregate carrying amount of $2,792.5 million as of March 31, 2025 ($2,723.5 million as of December 31, 2024)         
 Revolving credit facility, not to exceed $65.0 million (expiring December 1, 2026) (1) (2) (3)  $31.6  $36.1 
 Revolving credit facility, not to exceed $50.0 million (expiring October 30, 2026) (2) (3) (