|By Marketwired .||
|July 29, 2014 04:30 PM EDT||
ATLANTA, GA -- (Marketwired) -- 07/29/14 -- Atlanticus Holdings Corporation (NASDAQ: ATLC) ("Atlanticus") today announced the expiration and results of its tender offer for up to $100,000,000 aggregate principal amount of its outstanding 5.875% Convertible Senior Notes due 2035 (CUSIP Nos. 20478N AC 4 and 20478N AD 2) (the "Notes").
Pursuant to the Offer to Purchase dated June 23, 2014, as amended, the tender offer expired at midnight, New York City time, at the end of July 28, 2014. Based on the count by U.S. Bank National Association, the trustee and paying agent, $80,000 aggregate principal amount of Notes were validly tendered and not withdrawn pursuant to the Modified Dutch Auction consideration choice, with no purchase price specified. Notes with an aggregate principal amount of $476,000 were validly tendered pursuant to the fixed price consideration choice.
Since the minimum tender condition required for the fixed price consideration choice was not satisfied, Atlanticus will return all $476,000 aggregate principal amount of Notes tendered pursuant to the fixed price consideration choice. Atlanticus has accepted for payment $80,000 aggregate principal amount of Notes tendered pursuant to the Modified Dutch Auction consideration choice at a purchase price of $315 per $1,000 principal amount of such Notes, for a total cost of $25,200.
Atlanticus invests in businesses primarily focused in the financial services industry. Additional information about Atlanticus is available at www.atlanticus.com.
As ridesharing competitors and enhanced services increase, notable changes are occurring in the transportation model. Despite the cost-effective means and flexibility of ridesharing, both drivers and users will need to be aware of the connected environment and how it will impact the ridesharing experience. In his session at @ThingsExpo, Timothy Evavold, Executive Director Automotive at Covisint, will discuss key challenges and solutions to powering a ride sharing and/or multimodal model in the a...
Oct. 1, 2016 01:15 AM EDT Reads: 717
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Oct. 1, 2016 01:15 AM EDT Reads: 3,040
Oct. 1, 2016 12:15 AM EDT Reads: 1,423
Sep. 30, 2016 11:45 PM EDT Reads: 5,439
Sep. 30, 2016 11:30 PM EDT Reads: 759
Sep. 30, 2016 11:30 PM EDT Reads: 489
Sep. 30, 2016 10:45 PM EDT Reads: 507
Sep. 30, 2016 10:45 PM EDT Reads: 1,538
Sep. 30, 2016 10:00 PM EDT Reads: 1,262
Sep. 30, 2016 09:45 PM EDT Reads: 2,848
Sep. 30, 2016 09:30 PM EDT Reads: 4,121
Sep. 30, 2016 09:00 PM EDT Reads: 2,834
Sep. 30, 2016 09:00 PM EDT Reads: 4,062
Sep. 30, 2016 08:45 PM EDT Reads: 497
Sep. 30, 2016 08:30 PM EDT Reads: 3,200