Company: ATLCL
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025502
Chunk: 30

Company: Atlanticus Holdings Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 30
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2028   3,619   —   3,619 
 2029   3,466   —   3,466 
 Thereafter   16,704   —   16,704 
 Total lease payments   32,979   (92)  32,887 
 Less imputed interest   (8,998)        
 Operating lease liabilities  $23,981         

   In  August 2021, we entered into an operating lease agreement for our corporate headquarters in Atlanta, Georgia (the "Headquarters lease") with an unaffiliated third party. This Headquarters lease initially covered approximately 73,000 square feet and commenced in  June 2022 for a 146 month term. In connection with the commencement of this lease, we discontinued most of the subleasing 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 $31.4 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  June 30, 2025, we had no material non-cancelable capital leases with initial or remaining terms of more than one year.

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   9. Notes Payable 

   Notes Payable, at Face Value
    
   Other notes payable outstanding as of  June 30, 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  
   June 30, 2025    December 31, 2024  
 Revolving credit facilities at a