ATLANTICUS


Associated tags: Sale, Bank, CAR, Atlanticus

Locations: UNITED STATES, NORTH AMERICA, GEORGIA, ATLANTA, GA, US

Fortiva® Retail Credit Announces Second Look Financing Program with Byte

Retrieved on: 
Wednesday, April 17, 2024

ATLANTA, April 17, 2024 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus”, “we” or “our”) today announced that a multi-year program with Byte, a leading at-home clear aligner provider was finalized with the Fortiva Retail Credit program, the leader in second look point-of-sale financing.

Key Points: 
  • ATLANTA, April 17, 2024 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus”, “we” or “our”) today announced that a multi-year program with Byte, a leading at-home clear aligner provider was finalized with the Fortiva Retail Credit program, the leader in second look point-of-sale financing.
  • The Fortiva Retail Credit program offers second look financing solutions that help businesses provide more consumers with access to goods and services.
  • This partnership will provide a second look program for Byte consumers, allowing more people to transform their smiles.
  • “We are excited to announce the partnership with Byte, offering a second look lending solution to optimize Byte’s consumer finance program,” said David Caruso, Chief Commercial Officer for Atlanticus Holdings Corporation.

Atlanticus Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Monday, March 4, 2024

ATLANTA, March 04, 2024 (GLOBE NEWSWIRE) -- 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 its financial results for the fourth quarter and full year ended December 31, 2023. An accompanying earnings presentation is available in the Investors section of the Company’s website at www.atlanticus.com or by clicking here.

Key Points: 
  • We expect continued growth in our managed receivables when compared to prior periods in 2023 which were restricted due to tightened underwriting standards adopted during the second quarter 2022 (and continued in subsequent quarters).
  • During the quarter and full year ended December 31, 2023, total operating revenue increased 14.9% to $308.6 million and 10.4% to $1.2 billion, respectively.
  • The majority of this increase in outstanding debt relates to the addition of multiple revolving credit facilities during 2023.
  • We repurchased and retired 575,156 shares of our common stock at an aggregate cost of $17.6 million, in the year ended December 31, 2023.

Atlanticus Closes Option in connection with Offering of Senior Notes

Retrieved on: 
Wednesday, February 14, 2024

ATLANTA, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” “the Company”, “we,” “our” or “us”), a financial technology company that enables its bank, retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans, today announced the closing of the underwriters’ option in connection with its underwritten registered public offering (the “Offering”) of 9.25% Senior Notes due 2029 (the “Notes”).

Key Points: 
  • ATLANTA, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” “the Company”, “we,” “our” or “us”), a financial technology company that enables its bank, retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans, today announced the closing of the underwriters’ option in connection with its underwritten registered public offering (the “Offering”) of 9.25% Senior Notes due 2029 (the “Notes”).
  • Atlanticus issued an additional 290,000 Notes and received additional net proceeds of approximately $7.0 million after deducting underwriting discounts and commissions, but before deducting expenses and the structuring fee.
  • B. Riley Securities, Inc., Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc., William Blair & Co., L.L.C., and BTIG, LLC acted as book-running managers for the Offering.
  • Brownstone Investment Group, LLC acted as co-manager for the Offering.

Atlanticus Announces Approval of Quarterly Preferred Stock Dividend

Retrieved on: 
Monday, February 12, 2024

ATLANTA, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” the “Company,” “we” or “our”), a financial technology company that enables its bank, retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans, today announced that its Board of Directors approved a quarterly dividend of $0.476563 per share to Series B Cumulative Perpetual Preferred shareholders.

Key Points: 
  • ATLANTA, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” the “Company,” “we” or “our”), a financial technology company that enables its bank, retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans, today announced that its Board of Directors approved a quarterly dividend of $0.476563 per share to Series B Cumulative Perpetual Preferred shareholders.
  • The cash dividend will be paid on or about March 15, 2024 to holders of record of Atlanticus’ Series B Cumulative Perpetual Preferred Stock on the close of business on March 1, 2024.

Atlanticus Closes $50 Million Offering of Senior Notes

Retrieved on: 
Tuesday, January 30, 2024

ATLANTA, Jan. 30, 2024 (GLOBE NEWSWIRE) --  Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” “the Company”, “we,” “our” or “us”), a financial technology company that enables its bank, retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans, today announced the closing of its previously announced underwritten registered public offering (the “Offering”) of $50 million aggregate principal amount of 9.25% Senior Notes due 2029 (the “Notes”).

Key Points: 
  • ATLANTA, Jan. 30, 2024 (GLOBE NEWSWIRE) --  Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” “the Company”, “we,” “our” or “us”), a financial technology company that enables its bank, retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans, today announced the closing of its previously announced underwritten registered public offering (the “Offering”) of $50 million aggregate principal amount of 9.25% Senior Notes due 2029 (the “Notes”).
  • The Offering resulted in net proceeds of approximately $48.3 million after deducting underwriting discounts and commissions, but before deducting expenses and the structuring fee.
  • The Company granted the underwriters a 30-day option to purchase up to an additional $7.5 million aggregate principal amount of the Notes in connection with the Offering.
  • B. Riley Securities, Inc., Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc., William Blair & Co., L.L.C., and BTIG, LLC acted as book-running managers for the Offering.

Atlanticus Prices $50 Million Offering of Senior Notes

Retrieved on: 
Friday, January 26, 2024

ATLANTA, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” “the Company”, “we,” “our” or “us”), a financial technology company that enables its bank, retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans, today announced the pricing of its underwritten registered public offering (the “Offering”) of $50 million aggregate principal amount of 9.25% Senior Notes due 2029 (the “Notes”).

Key Points: 
  • ATLANTA, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” “the Company”, “we,” “our” or “us”), a financial technology company that enables its bank, retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans, today announced the pricing of its underwritten registered public offering (the “Offering”) of $50 million aggregate principal amount of 9.25% Senior Notes due 2029 (the “Notes”).
  • The Company has granted the underwriters a 30-day option to purchase up to an additional $7.5 million aggregate principal amount of the Notes in connection with the Offering.
  • The Offering is expected to close on or about January 30, 2024, subject to customary closing conditions.
  • The Company and this issuance of Notes received an “A” rating from Egan-Jones Ratings Company, an independent, unaffiliated rating agency.

Atlanticus Announces Offering of Senior Notes

Retrieved on: 
Wednesday, January 24, 2024

ATLANTA, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” “the Company”, “we,” “our” or “us”), a financial technology company that enables its bank, retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans, today announced it has commenced an underwritten registered public offering (the “Offering”) of Senior Notes due 2029 (the “Notes”).

Key Points: 
  • ATLANTA, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” “the Company”, “we,” “our” or “us”), a financial technology company that enables its bank, retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans, today announced it has commenced an underwritten registered public offering (the “Offering”) of Senior Notes due 2029 (the “Notes”).
  • The Company expects to grant the underwriters a 30-day option to purchase additional Notes in connection with the Offering.
  • In connection with the Offering, the Company will apply to list the Notes on the Nasdaq Global Select Market (“Nasdaq”) under the symbol “ATLCZ.” If approved for listing, trading on Nasdaq is expected to commence within 30 business days after the Notes are first issued.
  • The Company and this issuance of Notes received an “A” rating from Egan-Jones Ratings Company, an independent, unaffiliated rating agency.

Atlanticus Announces Approval of Quarterly Preferred Stock Dividend

Retrieved on: 
Monday, November 13, 2023

ATLANTA, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” the “Company,” “we” or “our”), a financial technology company that enables its bank, retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans, today announced that its Board of Directors approved a quarterly dividend of $0.476563 per share to Series B Cumulative Perpetual Preferred shareholders.

Key Points: 
  • ATLANTA, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus,” the “Company,” “we” or “our”), a financial technology company that enables its bank, retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans, today announced that its Board of Directors approved a quarterly dividend of $0.476563 per share to Series B Cumulative Perpetual Preferred shareholders.
  • The cash dividend will be paid on or about December 15, 2023 to holders of record of Atlanticus’ Series B Cumulative Perpetual Preferred Stock on the close of business on December 1, 2023.

Atlanticus Reports Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 8, 2023

ATLANTA, Nov. 08, 2023 (GLOBE NEWSWIRE) -- 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 its financial results for the third quarter ended September 30, 2023. An accompanying earnings presentation is available in the Investors section of the Company’s website at www.atlanticus.com or by clicking [here].

Key Points: 
  • During the quarter ended September 30, 2023, total operating revenue increased 6.1% to $294.9 million when compared to the quarter ended September 30, 2022.
  • Fee billings on our fair value receivables increased from $229.7 million for the quarter ended September 30, 2022 to $248.0 million for the quarter ended September 30, 2023.
  • Interest expense was $28.3 million for the quarter ended September 30, 2023, compared to $21.5 million for the quarter ended September 30, 2022.
  • We repurchased and retired 285,906 shares of our common stock at an aggregate cost of $9.4 million, in the quarter ended September 30, 2023.

Atlanticus Ranks in Fortune’s 100 Fastest-Growing Companies List for Third Consecutive Year

Retrieved on: 
Tuesday, October 31, 2023

Atlanticus was recognized on Fortune’s list in 2021 as the #1, in 2022 as the #4, and now in 2023 as the #28 fastest-growing company.

Key Points: 
  • Atlanticus was recognized on Fortune’s list in 2021 as the #1, in 2022 as the #4, and now in 2023 as the #28 fastest-growing company.
  • Atlanticus is one of only six companies returning to Fortune’s Fastest-Growing Companies list for a third consecutive year.
  • The annual list, now in its 38th year, ranked qualifying companies based on growth in revenue, profits, and stock returns, over the three-year period through June 30, 2023.
  • For more information on how Atlanticus is making a real impact for real people, please visit: https://www.atlanticus.com/our-commitment/