Atlanticus completes sale of CAR Auto Finance operations for USD 71.2 million
ATLC•Employees and use of proceeds
Roughly 154 CAR employees are transitioning to the buyer as part of the transaction.
Cash proceeds are expected to reduce debt, with remaining funds directed toward higher-growth consumer credit products.
Atlanticus completes CAR Auto Finance sale
Atlanticus completed the sale of its CAR Auto Finance operations to an unaffiliated third party.
Total consideration was about $71.2 million, including $56.2 million cash and a $15 million seller note.
The divestment removes Atlanticus’ entire Auto Finance segment from its operations.
