Loan & DebtMay 26, 2026, 06:07 AM
Encore Capital Group Issues $750M Senior Secured Notes Due 2032
AI Summary
Encore Capital Group, Inc. announced the issuance of $750.0 million aggregate principal amount of 6.625% senior secured notes due 2032. These notes are senior secured obligations, fully and unconditionally guaranteed by the company's material subsidiaries, and secured by substantially all assets of the company and its guarantors. Interest will be paid semi-annually on June 1 and December 1, commencing December 1, 2026.
Key Highlights
- Issued $750.0 million aggregate principal amount of 6.625% senior secured notes.
- Notes mature on June 1, 2032.
- Interest is payable semi-annually on June 1 and December 1, starting December 1, 2026.
- Notes are senior secured obligations of the company.
- Obligations are fully and unconditionally guaranteed by substantially all material subsidiaries.
- Notes are secured by substantially all assets of the company and its guarantors.
Price Impact
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