secwatch.observer — SEC 8-K summary
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Issuer:     ENCORE CAPITAL GROUP INC (ECPG)
CIK:        0001084961
Form:       8-K
Filed at:   2023-10-10T23:59:59+00:00
Accession:  0001084961-23-000096
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Encore Capital announces €100M senior secured floating rate notes offering due 2028
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- €100M aggregate principal of senior secured floating rate notes due 2028, priced at 99.01%.
- Interest rate: 3-month EURIBOR (0% floor) + 4.250% p.a., reset quarterly; matures Jan 15, 2028.
- Proceeds to repay drawings under revolving credit facility and pay transaction fees.
- Notes are additional notes under existing indenture, guaranteed by material subsidiaries.
- Year-to-date through Aug 31, 2023, global cash collections in line with first half; leverage 2.8x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084961/000108496123000096/0001084961-23-000096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084961/000108496123000096/ecpg-20231009.htm
  HTML page:      https://secwatch.observer/filing/0001084961-23-000096

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