Company: ATLCL
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001437749-25-033947
Chunk: 45

Company: Atlanticus Holdings Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 45
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 for a 24-month revolving structure with a 36-month amortization period.
    
   ABS of $700.0 million secured by certain credit card receivables (expiring  July 20, 2029). The terms of the ABS allow for a 24-month revolving structure with an 36-month amortization period. The weighted average interest rate on the securities is fixed at 7.46%.
    
   Revolving credit facility to sell up to an aggregate $374.0 million of notes that are secured by the receivables and other assets of the trust (of which $159.0 million was outstanding as of  September 30, 2025) that can be drawn upon to the extent of outstanding eligible receivables. Depending on the class of notes, the interest rate on the notes is based on either a commercial paper rate plus 2.15% or Term SOFR plus 8.50%. The facility matures on  April 20, 2029.
    
   ABS of $250.0 million secured by certain credit card receivables (expiring  November 20, 2026). The terms of the ABS allow for a 12-month revolving structure with an 12-month amortization period. The interest rate on the notes is based on the Term SOFR plus a range between 2.00% to 7.50%.
    
   ABS of $500.0 million secured by certain credit card receivables (expiring  June 21, 2027). The terms of the ABS allow for a 15-month revolving structure with an 12-month amortization period. The interest rate on the notes is based on the Term SOFR plus a range between 2.00% to 7.50%.
    
   As of  September 30, 2025, we were in compliance with the covenants underlying our various notes payable and credit facilities.
    
   Senior Notes, net
    
   In  November 2021, we issued $150.0 million aggregate principal amount of 2026 Senior Notes. The 2026 Senior Notes are general unsecured obligations of the Company and rank equally in right of payment with all of the Company’s existing and future senior unsecured and unsubordinated indebtedness, and will rank senior in right of payment to the Company’s future subordinated indebtedness, if any. The 2026 Senior Notes are effectively subordinated to all of the Company’s