Atlanticus Closes Sale of 167.3 Million Asset Backed Securitization To Support FRC

Atlanticus Holdings Corporation Closes Sale Of $167.3 Million Asset Backed Securitization To Support The Fortiva® Brand

Atlanticus Holdings Corporation, a technology enabled consumer finance company, today announced an agreement to sell $167.3 million of asset backed securities (“ABS”) secured by Fortiva® branded retail point-of-sale receivables (the Fortiva Retail Credit Master Note Business Trust Series 2018-One). The transaction represents the first term ABS issuance sponsored by us since 2004 and follows the closing of our $100.0 million revolving credit facility in June 2018 secured by Fortiva® branded general-purpose credit card receivables.

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