Company: ATLCL
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001437749-25-033947
Chunk: 244

Company: Atlanticus Holdings Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 244
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 to continue growth of the private label credit receivables, (iii) growing general purpose credit card receivables, (iv) effectively managing costs, and (v) repurchasing outstanding shares of our common and preferred stock. We believe our unrestricted cash, future cash provided by operating activities, availability under our debt facilities, and access to the capital markets will provide adequate resources to fund our operating and financing needs.

All of our CaaS segment’s structured financing facilities are expected to amortize down with collections on the receivables within their underlying trusts and should not represent significant refunding or refinancing risks to our condensed consolidated balance sheets. Facilities that could represent near-term and longer-term refunding or refinancing needs as of September 30, 2025 are those associated with the following notes payable in the amounts indicated (in millions):

      Revolving credit facility (expiring July 20, 2026) that is secured by certain receivables and restricted cash 
      
     $
     52.9

      Total short term refinancing needs (within 12 months) 
      
     $
     52.9

      Revolving credit facility (expiring December 1, 2026) that is secured by certain assets 
      
     $
     30.1

      Revolving credit facility (expiring March 31, 2028) that is secured by certain receivables and restricted cash 
      
     $
     57.7

      Revolving credit facility (expiring April 7, 2028) that is secured by certain receivables and restricted cash 
      
     $
     14.6

      Total long term refinancing needs (in excess of 12 months) 
      
     $
     102.4

      Total refinancing needs 
      
     $
     155.3

Based on the state of the debt capital markets, the performance of our assets that serve as security for the above facilities, and our relationships with lenders, we view imminent refunding or refinancing risks with respect to the above facilities as moderate in the current environment. We believe that the quality of our new receivables should allow us to raise more capital through increasing the size of our facilities with our existing lenders and attracting new lending relationships, albeit at increased costs due to the aforementioned recent interest rate increases. Further details concerning the above debt facilities and other debt facilities we use to fund the acquisition of receivables are provided in Note 10, "