ATLANTICUS HOLDINGS CORPORATION ANNOUNCES REPURCHASE OF $54 MILLION IN CONVERTIBLE SENIOR NOTES IN EXCHANGE FOR CASH AND TERM NOTE
Atlanticus Holdings Corporation (ATLC)
US:NASDAQ Investor Relations:
atlanticus.com/about
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Source: GlobeNewswire
ATLANTA, Aug. 29, 2019 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus”, “we”, “our” or “us”), a technology-enabled consumer finance company, announced the repurchase of $54.4 million in face amount of its outstanding 5.875% convertible senior notes due November 2035 (the “convertible senior notes”) on August 26, 2019. As consideration, Atlanticus paid approximately $16.3 million in cash (including accrued interest) and issued a $17.4 million term note, which bears interest at a fixed rate of 8.0% and is due in August 2024. The repurchase of the convertible senior notes will result in a gain to Atlanticus of approximately $5.1 million (net of the convertible senior notes’ applicable share of deferred costs, which were written off in connection with the repurchase). After the repurchase, $34.3 million of convertible senior notes remain outstanding. About Atlanticus Holdings CorporationFounded in 1996, our businesses, including the Fortiva® a
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News
- US Value Stocks Trading Below Estimated Worth In November 2024 [Yahoo! Finance]Yahoo! Finance
- Atlanticus Holdings Co. (NASDAQ: ATLC) had its price target raised by analysts at JMP Securities from $45.00 to $54.00. They now have a "market outperform" rating on the stock.MarketBeat
- Should Value Investors Buy Atlanticus (ATLC) Stock? [Yahoo! Finance]Yahoo! Finance
- Atlanticus Holdings Co. (NASDAQ: ATLC) is now covered by analysts at Stephens. They set an "overweight" rating and a $54.00 price target on the stock.MarketBeat
- Atlanticus Announces Approval of Quarterly Preferred Stock DividendGlobeNewswire
ATLC
Earnings
- 8/8/24 - Beat
ATLC
Sec Filings
- 11/19/24 - Form 4
- 11/18/24 - Form 4
- 11/15/24 - Form 144
- ATLC's page on the SEC website