From GlobeNewswire: 2024-05-13 17:45:00

Encore Capital Group, Inc. announced the pricing of $500.0 million aggregate principal amount of 8.500% senior secured notes due 2030 in a private offering to qualified institutional buyers. The notes will be guaranteed on a senior secured basis by the Company’s material subsidiaries and will accrue interest at a rate of 8.500% per annum, payable semi-annually. The Company intends to use the proceeds to repay drawings under its revolving credit facility, pay transaction fees, and redeem senior secured notes due 2025. The offer and sale of the notes have not been registered under the Securities Act.

For further information, contact Bruce Thomas, Investor Relations, at (858) 309-6442 or [email protected].



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