Atlanticus announces full redemption of 5.875% convertible senior notes due 2035

Atlanta, june 17, 2021 (globe newswire) -- atlanticus holdings corporation (nasdaq: atlc) (“atlanticus,” “the company”, “we,” “our” or “us”), a technology-enabled financial services company, today announced that it has provided notice of redemption of all $16.5 million aggregate principal amount of its outstanding 5.875% convertible senior notes due 2035. the redemption date for the notes is july 19, 2021. the notes were issued pursuant to the terms of the indenture, dated november 23, 2005, between the company and u.s. bank, as trustee. the notes are redeemable at a cash redemption price equal to 100% of the principal amount of the notes outstanding. holders of the notes have the right to convert the notes called for redemption no later than 5:00 p.m., e.t. on july 16, 2021 for the consideration provided in the indenture.
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