debt
confidence high
sentiment neutral
materiality 0.70
Encore Capital upsizes senior secured notes to $500M at 9.250% due 2029
ENCORE CAPITAL GROUP INC
- $500M 9.250% senior secured notes due 2029 priced; upsized from $400M.
- Proceeds to repay drawings under revolving credit facility; redeem £300M 2026 notes.
- Notes are senior secured, guaranteed by material subs, secured by substantially all assets.
- Interest payable Apr 1 & Oct 1, starting Oct 1, 2024; maturity Apr 1, 2029.