---
schema_version: "secwatch.filing_event.v1"
accession: "0001084961-24-000025"
form_type: "8-K"
ticker: "ECPG"
cik: "0001084961"
company_name: "ENCORE CAPITAL GROUP INC"
filed_at: "2024-03-21T23:59:59+00:00"
generated_at: "2026-06-04T09:30:42.587461+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Encore Capital issues $500M of 9.25% senior secured notes due 2029

## Summary
- Issued $500M aggregate principal of 9.25% senior secured notes due April 1, 2029.
- Proceeds used to repay drawings under Global Senior Facility and pay transaction fees.
- Plans to redeem £300M senior secured notes due 2026 using Global Senior Facility or other financing.

## SEC filing metadata
- accession: 0001084961-24-000025
- form_type: 8-K
- ticker: ECPG
- cik: 0001084961
- company_name: ENCORE CAPITAL GROUP INC
- filed_at: 2024-03-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1084961/000108496124000025/0001084961-24-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1084961/000108496124000025/ck0001084961-20240320.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001084961-24-000025
- JSON: https://secwatch.observer/filing/0001084961-24-000025.json
- Plain text: https://secwatch.observer/filing/0001084961-24-000025.txt

## Key facts
- Debt Financings
  ENCORE CAPITAL GROUP INC incurred senior notes of $500.0 million aggregate principal amount with GLAS Trust Company LLC as trustee and Truist Bank as security agent at 9.250% per annum maturing April 1, 2029.
  - Instrument: senior notes
  - Principal: $500.0 million aggregate principal amount
  - Counterparty: GLAS Trust Company LLC as trustee and Truist Bank as security agent
  - Rate: 9.250% per annum
  - Maturity: April 1, 2029
  - Event: incurrence
  source text: On March 20, 2024, Encore Capital Group, Inc. (the “ Company ”) issued $500.0 million aggregate principal amount of 9.250% senior secured notes due 2029 (the “ Notes ”) pursuant to an indenture (the “Indenture”) between, among others, the Company, certain subsidiaries of the Company as guarantors, GLAS Trust Company LLC as trustee and Truist Bank as security agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1084961/000108496124000025/0001084961-24-000025-index.htm
- Material Agreements
  ENCORE CAPITAL GROUP INC entered into Indenture with GLAS Trust Company LLC as trustee and Truist Bank as security agent valued at $500.0 million aggregate principal amount (effective 2024-03-20).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: GLAS Trust Company LLC as trustee and Truist Bank as security agent
  - Value: $500.0 million aggregate principal amount
  - Effective: 2024-03-20
  source text: On March 20, 2024 , Encore Capital Group, Inc. (the “ Company ”) issued $500.0 million aggregate principal amount of 9.250% senior secured notes due 2029 (the “ Notes ”) pursuant to an indenture (the “Indenture”) between, among others, the Company, certain subsidiaries of the Company as guarantors, GLAS Trust Company LLC as trustee and Truist Bank as security agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1084961/000108496124000025/0001084961-24-000025-index.htm

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