secwatch.observer — SEC 8-K summary
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Issuer:     ENCORE CAPITAL GROUP INC (ECPG)
CIK:        0001084961
Form:       8-K
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0001084961-24-000023
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Encore Capital upsizes senior secured notes to $500M at 9.250% due 2029
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084961/000108496124000023/0001084961-24-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084961/000108496124000023/ecpg-20240312.htm
  HTML page:      https://secwatch.observer/filing/0001084961-24-000023

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