Atlanticus closes $100 million asset-backed revolver

By Susanna Moon

Chicago, Nov. 27 – Atlanticus Holdings Corp. obtained a $100 million asset-backed revolving credit facility on Tuesday with JPMorgan Chase Bank, NA, according to an 8-K filing with the Securities and Exchange Commission.

The revolver follows the closing of the company’s $90 million and $100 million revolving credit facilities associated with its Fortiva general purpose credit card receivables and its recent $167.3 million asset backed securitization supporting its Fortiva branded point-of-sale credit card receivables, according to a company announcement.

The notes are secured by the receivables and other assets of the individual trust.

Atlanticus is based in Atlanta and invests in businesses primarily focused in the financial services industry.

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