Atlanticus Holdings Corp. Enters Material Definitive Agreement

TL;DR

ATLANTICUS HOLDINGS CORP JUST SIGNED A BIG FINANCIAL DEAL - CHECK THE 8-K!

AI Summary

On July 24, 2024, Atlanticus Holdings Corp. entered into a material definitive agreement related to a financial obligation. The company, previously known as CompuCredit Holdings Corp., is a personal credit institution based in Atlanta, GA.

Why It Matters

This filing indicates a significant financial transaction or commitment by Atlanticus Holdings Corp., which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new financial risks or obligations that require careful monitoring.

Key Players & Entities

• Atlanticus Holdings Corp. (company) — Registrant
• CompuCredit Holdings Corp. (company) — Former company name
• July 24, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $55 million — nce and sale (the "Add-On Offering") of $55 million aggregate principal amount of the Compa
• $8.25 million — ng, the "Offering") up to an additional $8.25 million aggregate principal amount of the Compa
• $60 million — ted the issuance and sale of a total of $60 million aggregate principal amount of the Compa
• $5 million — le of the Firm Notes plus an additional $5 million pursuant to the exercise of the Option
• $57.25 million — re an additional issue of the Company's $57.25 million aggregate principal amount of 9.25% Sen

Filing Documents

• atlc20240726_8k.htm (8-K) — 54KB
• ex_704206.htm (EX-1.1) — 182KB
• ex_704207.htm (EX-4.1) — 188KB
• ex_704205.htm (EX-5.1) — 17KB
• ex_704208.htm (EX-99.1) — 12KB
• ex_704209.htm (EX-99.2) — 11KB
• logo8k.jpg (GRAPHIC) — 11KB
• logo.jpg (GRAPHIC) — 11KB
• logosmaller.jpg (GRAPHIC) — 10KB
• troutmanlogo.jpg (GRAPHIC) — 12KB
• 0001437749-24-023743.txt ( ) — 787KB
• atlc-20240724.xsd (EX-101.SCH) — 4KB
• atlc-20240724_def.xml (EX-101.DEF) — 14KB
• atlc-20240724_lab.xml (EX-101.LAB) — 19KB
• atlc-20240724_pre.xml (EX-101.PRE) — 14KB
• atlc20240726_8k_htm.xml (XML) — 7KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On July 24, 2024, Atlanticus Holdings Corporation (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with B. Riley Securities, Inc., as representative of the several underwriters named therein (the "Underwriters"), providing for the issuance and sale (the "Add-On Offering") of $55 million aggregate principal amount of the Company's 9.25% Senior Notes due 2029 (the "Firm Notes"). As described in the Underwriting Agreement, the Company also granted to the underwriters the option to purchase (the "Option" and, together with the Add-On Offering, the "Offering") up to an additional $8.25 million aggregate principal amount of the Company's 9.25% Senior Notes due 2029. On July 26, 2024, the Company consummated the issuance and sale of a total of $60 million aggregate principal amount of the Company's 9.25% Senior Notes due 2029 (the "Closing"), which was comprised of $55 million from the issuance and sale of the Firm Notes plus an additional $5 million pursuant to the exercise of the Option (the "Option Notes" and, together with the Firm Notes, the "Additional Notes"). The Additional Notes are an additional issue of the Company's $57.25 million aggregate principal amount of 9.25% Senior Notes due 2029 that the Company sold in January and February 2024 (the "Existing Notes" and, together with the Additional Notes, unless the context requires otherwise, the "Notes"). The Additional Notes form a single series with the Existing Notes and have the same terms as the Existing Notes (other than with respect to the price to the public, the issue date and the initial interest payment date). The Additional Notes have the same CUSIP number and are fungible and rank equally with the Existing Notes. The Closing was made pursuant to the prospectus supplement dated July 24, 2024 and the accompanying prospectus dated May 21, 2024, filed with the Securities and Exchange Commission pursuant to the

01. Other Events

Item 8.01. Other Events. On July 25, 2024, the Company issued a press release announcing the pricing of the Offering. On July 26, 2024, the Company issued a press release announcing the Closing. Copies of the press releases are filed as Exhibit 99.1 and Exhibit 99.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 1.1 Underwriting Agreement, dated as of July 24, 2024, by and between the Company and B. Riley Securities, Inc., as representative of the several underwriters named therein. 4.1 Fourth Supplemental Indenture, dated as of July 26, 2024, by and between the Company and U.S. Bank Trust Company, National Association, as trustee. 4.2 Form of 9.25% Senior Notes due 2029 (included in Exhibit 4.1). 5.1 Opinion of Troutman Pepper Hamilton Sanders LLP. 23.1 Consent of Troutman Pepper Hamilton Sanders LLP to the filing of Exhibit 5.1 herewith (included in Exhibit 5.1). 99.1 Pricing Press Release, dated July 25, 2024. 99.2 Closing Press Release, dated July 26, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Atlanticus Holdings Corporation Date: July 29, 2024 By: /s/ William R. McCamey Name: William R. McCamey Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR