---
schema_version: "secwatch.filing_event.v1"
accession: "0001084961-23-000057"
form_type: "8-K"
ticker: "ECPG"
cik: "0001084961"
company_name: "ENCORE CAPITAL GROUP INC"
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T00:32:30.271750+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Encore Capital extends credit facility to Sep 2027, upsizes by $40M to $1.18B

## Summary
- Amendment dated May 11, 2023 extends termination date from Sep 2026 to Sep 2027.
- Facility increased by $40 million to $1.18 billion via accordion feature.
- CFO cites bank group support and improved financial flexibility to capitalize on portfolio purchases.
- No material maturities until 2025; company expects competitive funding costs.

## SEC filing metadata
- accession: 0001084961-23-000057
- form_type: 8-K
- ticker: ECPG
- cik: 0001084961
- company_name: ENCORE CAPITAL GROUP INC
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1084961/000108496123000057/0001084961-23-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1084961/000108496123000057/ecpg-20230511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001084961-23-000057
- JSON: https://secwatch.observer/filing/0001084961-23-000057.json
- Plain text: https://secwatch.observer/filing/0001084961-23-000057.txt

## Key facts
- Material Agreements
  ENCORE CAPITAL GROUP INC amended Amendment Letter with Truist Bank as Agent and Security Agent valued at $40 million (effective 2023-05-11).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Truist Bank as Agent and Security Agent
  - Value: $40 million
  - Effective: 2023-05-11
  source text: On May 11, 2023, Encore Capital Group, Inc. (the “Company”), entered into an amendment letter (the “Amendment Letter”) that amended its existing global senior secured revolving credit facility (as amended, the “Global Senior Facility”) by and among the Company, the several guarantors, banks and other financial institutions and lenders from time to time party thereto and Truist Bank as Agent and Security Agent to extend the termination date of the facility from September 2026 to September 2027.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1084961/000108496123000057/0001084961-23-000057-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.