Atlanticus Closes Over-Allotment Option in connection with Offering of Senior Notes
November 30 2021 - 3:15PM
Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” “the
Company”, “we,” “our” or “us”), a financial technology company
which enables its bank, retail and healthcare partners to offer
more inclusive financial services to millions of everyday
Americans, today announced the closing of the full over-allotment
option in connection with its underwritten registered public
offering (the “Offering”) of 6.125% Senior Notes due 2026 (the
“Notes”). Atlanticus issued an additional 600,000 Notes and
received additional net proceeds of approximately $14.5 million
after deducting underwriting discounts and commissions, but before
deducting expenses and the structuring fee.
The Notes are listed on the Nasdaq Global Select Market under
the symbol "ATLCL."
B. Riley Securities, Inc., Janney Montgomery Scott LLC,
Ladenburg Thalmann & Co. Inc., and William Blair & Co.,
L.L.C. acted as book-running managers for the Offering. EF Hutton,
division of Benchmark Investments, LLC acted as lead manager for
the Offering. Aegis Capital Corp., Brownstone Investment Group,
LLC, InspereX LLC, Maxim Group LLC and B.C. Ziegler & Company
acted as co-managers for the Offering.
Troutman Pepper Hamilton Sanders LLP acted as legal counsel to
the Company. Duane Morris LLP acted as legal counsel to the
underwriters.
The Offering of these Notes was made pursuant to an effective
shelf registration statement on Form S-3, which was initially filed
with the Securities and Exchange Commission (the “SEC”) on May 6,
2021 and declared effective by the SEC on May 13, 2021. The
Offering was made only by means of a prospectus and prospectus
supplement. A copy of the prospectus and prospectus supplement
relating to these securities may be obtained from the website of
the SEC at http://www.sec.gov or by contacting: B. Riley
Securities, Inc., 1300 17th Street North, Suite 1300, Arlington,
Virginia 22209, Attn: Prospectus Department, Email:
prospectuses@brileyfin.com, Telephone: (703) 312-9580.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Atlanticus Holdings Corporation
Empowering Better Financial Outcomes for Everyday Americans
Atlanticus’ technology allows bank, retail, and healthcare
partners to offer more inclusive financial services to everyday
Americans through the use of proprietary analytics. We apply the
experience gained and infrastructure built from servicing over 18
million customers and $26 billion in consumer loans over
our 25-year operating history to support lenders that originate a
range of consumer loan products. These products include retail and
healthcare credit and general-purpose credit cards marketed through
our omnichannel platform, including retail point-of-sale,
healthcare-point of-care, direct mail solicitation, internet-based
marketing, and partnerships with third parties. Additionally,
through our CAR subsidiary, Atlanticus serves the
individual needs of automotive dealers and automotive non-prime
financial organizations with multiple financing and service
programs.
Contact:
Investor Relations
Adam Prior
Senior Vice President
The Equity Group Inc.
(212) 836-9606
aprior@equityny.com
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