1. Atlanticus refinanced $750 million term securitization with favorable terms. 2. New bonds provide a 200+ basis point reduction in coupon rate. 3. CEO Jeff Howard highlights successful integration and cost reduction efforts. 4. The refinancing aims to expand Mercury brand's reach to consumers. 5. Atlanticus enables inclusive financial services for millions of Americans.
FAQ
Why Bullish?
The refinancing lowers debt costs, improving operational profitability, akin to past successful refinancings seen in other finance companies.
How important is it?
The refinancing significantly enhances ATLC's financial flexibility and attracts investor interest, key for future growth.
Why Short Term?
Immediate benefits from lower interest rates will positively influence ATLC's financial metrics in upcoming quarters.
Atlanticus Holdings Corporation Announces Successful Refinancing of Securitization Facility
Published on December 10, 2025 | Source: GlobeNewsWire
Overview of the Refinancing Event
On December 4, 2025, Atlanticus Holdings Corporation (NASDAQ: ATLC) successfully refinanced an existing $750 million term securitization through its Mercury subsidiaries. This strategic move replaces older bonds with new three-year bonds that feature enhanced structural benefits, including a notable reduction of over 200 basis points in the coupon rate compared to the previous bonds.
Leadership Comments on the Refinancing
Jeff Howard, the President and CEO of Atlanticus, expressed gratitude towards global investors for their sustained support in Atlanticus's securitization programs. He commented, “This refinancing highlights the early successes we have achieved in reducing costs across the combined Atlanticus and Mercury organization and furthers our goals to extend the reach of the Mercury brand and empower more everyday Americans.”
Howard further emphasized that the company is progressing ahead of plan with its integration efforts, showcasing the commitment and focus of both teams involved. He conveyed optimism for the company's trajectory into 2026 and beyond.
About Atlanticus Holdings Corporation
Atlanticus Holdings Corporation is dedicated to empowering better financial outcomes for everyday Americans. The company utilizes proprietary technology and analytics to enable bank, retail, and healthcare partners to provide more inclusive financial services. With over 25 years of operational history, Atlanticus has serviced more than 20 million customers and facilitated $48 billion in consumer loans.
Product Offerings
Atlanticus supports lenders in originating a diverse range of consumer loan products, including:
- Retail and healthcare private label credit
- General-purpose credit cards
These products are marketed through an omnichannel platform, incorporating retail point-of-sale, healthcare point-of-care, direct mail solicitation, internet-based marketing, and partnerships with third parties. Furthermore, Atlanticus’s Auto Finance subsidiary meets the unique needs of automotive dealers and non-prime financial organizations with multiple financing and service programs.