August 26, 2025
Willkie advised Atlanticus (NASDAQ: ATLC), a financial technology company, on its debut high yield bond offering of $400,000,000 aggregate principal amount of 9.750% Senior Notes due 2030 (the “Notes”) issued on August 20, 2025.
The Notes were issued pursuant to an Indenture dated as of August 20, 2025, entered into between Atlanticus, each of the guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee.
Atlanticus intends to use the net proceeds from the offering of the Notes (i) to repay amounts outstanding under its recourse warehouse facilities, (ii) for general corporate purposes, including to fund future acquisitions of portfolios and associated businesses and to fund the partial or full repayment of its 6.125% Senior Notes due 2026 on or prior to maturity and (iii) to pay fees and expenses in connection with the offering.
The Willkie team was led by partner Cristopher Greer and associate David Adler and included associates Marissa Dressor, Snaebjorn Olafsson and Preston Williams. Partner Adam True and counsel Reagan Beck led on structured finance matters.
The Notes were issued pursuant to an Indenture dated as of August 20, 2025, entered into between Atlanticus, each of the guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee.
Atlanticus intends to use the net proceeds from the offering of the Notes (i) to repay amounts outstanding under its recourse warehouse facilities, (ii) for general corporate purposes, including to fund future acquisitions of portfolios and associated businesses and to fund the partial or full repayment of its 6.125% Senior Notes due 2026 on or prior to maturity and (iii) to pay fees and expenses in connection with the offering.
The Willkie team was led by partner Cristopher Greer and associate David Adler and included associates Marissa Dressor, Snaebjorn Olafsson and Preston Williams. Partner Adam True and counsel Reagan Beck led on structured finance matters.
