Encore Capital prices $500M 8.500% senior secured notes due 2030, upsized from $400M

ENCORE CAPITAL GROUP INC

Offering upsized from $400M to $500M; notes priced at par with 8.500% coupon, due May 15, 2030.
Interest payable semi-annually on May 15 and Nov 15, beginning Nov 15, 2024.
Proceeds to repay drawings under Global Senior Facility, pay fees, and for general corporate purposes.
Company intends to redeem its €350M senior secured notes due 2025 on/about Oct 15, 2024, using other financing.

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