Company: ATLCL
Filing Date: 2025-03-31
Form Type: 10-K/A
Source: 0001437749-25-009919
Chunk: 37

Company: Atlanticus Holdings Corp
Filing Date: 2025-03-31
Form: 10-K/A
Chunk 37
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ized. Represents the Total managed yield ratio, annualized less the Combined principal net charge-off ratio, annualized less the Interest expense ratio, annualized.

#### LIQUIDITY, FUNDING AND CAPITAL RESOURCES
Our primary focus is expanding the reach of our financial technology in order to grow our private label credit and general purpose credit card receivables and generate revenues from these investments that will allow us to maintain consistent profitability. Increases in new and existing retail partnerships and the expansion of our investments in general purpose credit card finance products have resulted in year-over-year growth of total managed receivables levels, and we expect growth to continue in the coming quarters.

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Accordingly, we will continue to focus on (i) obtaining the funding necessary to meet capital needs required by the growth of our receivables, (ii) adding new retail partners to our platform 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 consolidated balance sheets. Facilities that could represent near-term and longer-term refunding or refinancing needs as of December 31, 2024 are those associated with the following notes payable in the amounts indicated (in millions):

| Revolving credit facility (expiring April 10, 2025) that is secured by certain receivables and restricted cash   
 Revolving credit facility (expiring March 29, 2025) that is secured by restricted cash                           |     |   |  14.5 
  30.0 |
|:-----------------------------------------------------------------------------------------------------------------|:----|:--|------:|
| Class B preferred units issued to noncontrolling interests(1)                                                    |     |   |  50.0 |
| Total short term refinancing needs (within 12 months)                                                            |     | $ |  94.5 |
| Revolving credit facility (expiring July 20, 2026) that is secured by certain receivables and restricted cash    |