Atlas Warehouse Lending Company

Atlas Warehouse Lending Company, L.P. (“AWLC” or the “Company”) is an investment grade-rated subsidiary of WHCO Intermediate Holdings L.P. (“Atlas WarehouseCo”), which holds a portfolio of warehouse lending facilities originated by ATLAS SP Partners1 (“ATLAS”).

The Company was purpose-built to support investment grade debt issuance. AWLC's structure allows for a controllable asset mix, enabling predictable attainment of credit thresholds and ongoing growth in unsecured financing. The Company is an issuer of senior unsecured notes to qualified institutional buyers.

Issuer Credit Ratings

Baa3
Stable Outlook
11/2024
Moody's
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BBB-
Stable Outlook
11/2024
S&P Global
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BBB
Stable Outlook
01/2025
Fitch
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Key Credit Highlights

Investor Benefits

Platform Strengths

Issuer Overview

AWLC is the investment grade-rated entity within Atlas WarehouseCo, serving as the core balance sheet anchoring the broader lending platform
Atlas WarehouseCo $36bn funded assets
Atlas Warehouse Lending Co. (AWLC) $8bn funded assets Investment grade ratings from Moody's, S&P, and Fitch
Note: As of June 30, 2025.

Debt Overview

Debt Facility Amount Outstanding ($bn)
Unsecured Term Debt $4.0
Unsecured Revolver $0.4
Non-Recourse Secured Financing $1.9
Total Debt $6.3
Note: As of June 30, 2025.

Unsecured Term Debt Issuance Summary

Issuer Currency Maturity Principal Coupon ISIN Format
Atlas Warehouse Lending Company, L.P. (ATWALD) USD 01/2028 $500,000,000 6.05% US049463AD44 144A
Atlas Warehouse Lending Company, L.P. (ATWALD) USD 01/2030 $500,000,000 6.25% US049463AD44 144A
Atlas Warehouse Lending Company, L.P. (ATWALD) USD 11/2027 $750,000,000 6.05% US049463AC60 4(a)(2)
Atlas Warehouse Lending Company, L.P. (ATWALD) USD 11/2029 $750,000,000 6.25% US049463AC60 4(a)(2)
Atlas Warehouse Lending Company, L.P. (ATWALD) USD 04/2027 $1,500,000,000 FRN Term Loan
Note: As of June 30, 2025. Includes all public and privately issued unsecured term debt.

AWLC publishes annual, quarterly, and interim financial reports and investor updates for eligible bondholders, prospective investors, market makers, and securities analysts via a secure investor portal. Please use the login or request access links at the bottom of this page to gain entry.

Frequently Asked Questions

ATLAS is a global investment firm providing stable capital, financing, advisory and institutional products to market participants seeking innovative and bespoke structured credit and asset backed solutions. ATLAS specializes in providing investment grade-equivalent asset-backed warehouse lending facilities to clients in diverse end markets globally, with a focus on the consumer and commercial, residential real estate and commercial real estate sectors. ATLAS is majority owned by Apollo funds and affiliates.

AWLC was formed to serve as a scalable, investment grade-rated platform to support the growth and diversification of funding sources for Atlas WarehouseCo. Its structure and asset mix are designed to provide predictable credit outcomes and capital markets flexibility.

AWLC is a subsidiary of Atlas WarehouseCo, a perpetual fund structure, sub-advised by ATLAS. AWLC holds a subset of the broader portfolio of warehouse loans and is expected to expand over time, supported by ATLAS' origination capabilities.

AWLC's unsecured notes are traded over-the-counter (OTC) by FINRA-registered broker-dealers.

Accessing the Issuer's Secure Website

Reports are made available exclusively through AWLC’s secure investor portal for authorized stakeholders. Please log in if you have existing credentials or submit a request to obtain access authorization.

Investor Portal Login REQUEST ACCESS

Contact

    CONTACT US

    ATLAS SP Partners, L.P.
    151 W 42nd Street, 5th Floor
    New York, NY 10036
    +1 212 317 4500

    For more information:
    investor.relations@atlas-sp.com

    1. WHCO Intermediate Holdings L.P. ("Atlas WarehouseCo") has seen ~2bps in aggregate impairments or realized credit losses on originations. Represents annualized impairments on originations from 2016-2Q25. This includes impairment and loss information for warehouse loans originated by the Company's investment manager, AASP Management, L.P (“AASP”), or by ATLAS personnel, at a prior financial institution. The information only includes warehouse loans for which ATLAS or, in respect of the Company, AASP had decision-making authority at the time of the impairment or realized credit loss. The information therefore includes warehouse loans that were both originated by ATLAS personnel or AASP, and held and managed on a discretionary basis by ATLAS (or its affiliates) or AASP. Notwithstanding the foregoing, one warehouse facility that neither ATLAS nor AASP managed with discretion is included in the impairment information because ATLAS had significant involvement in the original impairment decisions, which were reached prior to February 8, 2023, for this one warehouse facility. As warehouse facilities are generally revolving, “origination” is defined as the expected utilization of the facility over its life. Expected Utilization of Originations is generally defined as the Credit Limit extended to a particular facility multiplied by its historical asset class utilization percentage assumption (C&C: 50%; CRE: 50%; Resi: 35%). Future results may vary.

    Request for Information and Confidentiality Agreement

    Please complete the form below if you wish to request access to our confidential data site (the “Data Site”) pursuant to the terms of the indenture governing our 6.050 % Senior Secured Notes due 2028 and/or 6.250% Senior Notes due 2030 (collectively, the "Notes"). Any person who requests access to such information agrees: (a) except to the extent otherwise required by law, to keep confidential and not to disclose or reveal the information obtained pursuant to accessing the Data Site to any person other than its representatives: (i) who are actively and directly involved with such person's evaluations of the Notes, and (ii) whom the undersigned will cause to observe the terms of this request for information and confidentiality agreement; and (b) not to use information acquired pursuant to accessing the Data Site for any purpose other than the undersigned's evaluation of its investment in the Notes. In addition, any person who is a current holder of the Notes or prospective investor requesting access to such information confirms they are a person that is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933, as amended) that is also a “qualified purchaser” (as defined in Section 2(a)(51) of the Investment Company Act of 1940, as amended).

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