Welcome to our dedicated page for Atlanticus Holdings SEC filings (Ticker: ATLCZ), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings page for Atlanticus Holdings Corporation 9.25% Senior Notes due 2029 (ATLCZ) provides access to regulatory documents filed by Atlanticus Holdings Corporation, the issuer of these senior notes. Investors use these filings to understand material events, contractual obligations, and risk allocation mechanisms that can influence the credit profile underlying ATLCZ.
Among the key documents are current reports on Form 8-K. In one such 8-K, Atlanticus reports that a wholly owned subsidiary, Mercury Finance Acquisitions, LLC, entered into a Membership Interest Purchase Agreement to acquire all of the issued and outstanding equity interests of Mercury Financial LLC. The filing describes Mercury Financial LLC as a data- and tech-centric credit card platform serving near-prime consumers in the United States, and explains that the acquisition added credit card accounts and credit card receivables to Atlanticus’s business.
The 8-K also outlines the initial purchase price funded with cash on hand, potential earn-out payments based on charge-off performance of managed receivables, and the use of a buy-side representations and warranties insurance policy. It further notes customary indemnification obligations and restrictive covenant agreements, and clarifies that the representations and warranties in the Purchase Agreement were made to allocate risk between the parties rather than to establish factual matters for investors.
On this page, users can review such 8-Ks and related exhibits, including references to the Purchase Agreement, press releases, and investor presentations furnished with the filing. AI-powered tools summarize the key points in each filing, highlight material agreements, and explain how items such as acquisition structures, earn-out provisions, and risk allocation clauses may be relevant when evaluating the issuer of the ATLCZ senior notes.
Atlanticus Holdings Corporation completed a definitive acquisition of Mercury Financial LLC through its subsidiary Mercury Finance Acquisitions, LLC, adding approximately 1.3 million credit card accounts and about $3.2 billion in credit card receivables. The initial purchase price was approximately $162 million, funded with the Companys cash on hand and subject to customary post-closing adjustments based on adjusted net asset value.
The Purchase Agreement provides the Seller an opportunity to receive earn-out payments over up to three years equal to 75% of the amount by which managed receivables charge-offs are below agreed-upon levels. The Purchaser obtained buy-side representations and warranties insurance to cover material breaches subject to policy limits, exclusions and deductibles. The agreement also includes customary indemnities and post-closing restrictive covenants limiting solicitation of certain employees.
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