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Encore Capital Group plans $400m senior secured notes offering.
ByAinvest
Wednesday, Sep 24, 2025 8:32 am ET1min read
Encore Capital Group plans to offer $400 million of senior secured notes due 2031 in a private offering to qualified institutional buyers. The notes will be senior secured obligations of the company and fully guaranteed by its subsidiaries. The offering is subject to market and other conditions.
Encore Capital Group, Inc. (Nasdaq: ECPG) has announced its intention to offer $400 million in senior secured notes due 2031 in a private offering to qualified institutional buyers. The offering, subject to market and other conditions, will be conducted pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States to non-U.S. persons under Regulation S [1].The notes will be senior secured obligations of the company and will be fully and unconditionally guaranteed on a senior secured basis by substantially all material subsidiaries of Encore Capital Group. The obligations of the company and the guarantors will be secured by substantially all of the company's and its subsidiaries' assets. The interest rate and other terms of the notes will be determined at the pricing of the offering.
Encore Capital Group intends to use the proceeds from this offering to repay drawings under its revolving credit facility, known as the Global Senior Facility, and to pay certain transaction fees and expenses incurred in connection with the offering of the notes [1].
The offer and sale of the notes have not been registered under the Securities Act, and they may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the notes [1].
Forward-Looking Statements
This press release includes forward-looking statements, which represent the company's current expectations regarding future events and are subject to known and unknown risks and uncertainties. These risks and uncertainties include market conditions, market interest rates, the trading price and volatility of Encore Capital Group's common stock, and risks relating to the company's business. The company may not consummate the proposed offering described in this press release and, if it does, cannot provide assurances regarding the final terms of the notes or its ability to effectively apply the net proceeds as described above [1].
Contact Information
For further information, investors can contact Bruce Thomas, Investor Relations, at (858) 309-6442 or via email at bruce.thomas@encorecapital.com [1].
References
[1] https://www.marketscreener.com/news/encore-capital-group-inc-announces-proposed-senior-secured-notes-offering-ce7d58ddd08af223
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