Brief: Atlanticus Holdings Corporation Announces Repurchase Of $54 Million In Convertible Senior Notes In Exchange For Cash And Term Note

Atlanticus Holdings

29/08/2019 22:36

Aug 29 (Reuters) - Atlanticus Holdings Corp  ATLC.O :
    * ATLANTICUS HOLDINGS CORPORATION ANNOUNCES REPURCHASE OF
$54
MILLION IN CONVERTIBLE SENIOR NOTES IN EXCHANGE FOR CASH AND
TERM NOTE
    * ATLANTICUS HOLDINGS CORP - REPURCHASE OF $54.4 MILLION IN
FACE
AMOUNT OF ITS OUTSTANDING 5.875% CONVERTIBLE SENIOR NOTES DUE
NOVEMBER 2035 ON AUGUST 26
    * ATLANTICUS HOLDINGS CORP - AS CONSIDERATION, ATLANTICUS
PAID
ABOUT $16.3 MILLION IN CASH (INCLUDING ACCRUED INTEREST) AND
ISSUED A $17.4 MILLION TERM NOTE
    * ATLANTICUS HOLDINGS CORP - REPURCHASE OF CONVERTIBLE
SENIOR
NOTES WILL RESULT IN A GAIN TO ATLANTICUS OF ABOUT $5.1 MILLION
    * ATLANTICUS HOLDINGS CORP - AFTER REPURCHASE, $34.3 MILLION
OF
CONVERTIBLE SENIOR NOTES REMAIN OUTSTANDING

Source text for Eikon:  ID:nGNXwfyHG 
Further company coverage:  ATLC.O 

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