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Atlanticus closes $100 million asset-backed revolving credit facility
By Wendy Van Sickle
Columbus, Ohio, June 26 – Atlanticus Holdings Corp. closed a $100 million asset-backed revolving credit facility with Credit Suisse AG, Cayman Islands Branch, according to a company news release.
The new facility allows for a total of $190 million in committed debt capital when combined with existing facilities to fund the company’s investments in Fortiva branded general-purpose credit card receivables.
The company also has a $90 million revolving credit facility with TowerBrook Capital Partners LP.
Atlanticus is based in Atlanta and invests in businesses primarily focused in the financial services industry.
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