Encore Capital issues $500M 8.500% senior secured notes due 2030

ENCORE CAPITAL GROUP INC

$500M aggregate principal, 8.500% interest, semi-annual payments, maturing May 15, 2030.
Proceeds used to repay revolving credit facility, pay transaction fees, and for general corporate purposes.
Intends to redeem €350M senior secured notes due 2025 on/about Oct 15, 2024 via borrowings or other financing.
Notes are senior secured, guaranteed by substantially all material subsidiaries, secured by substantially all assets.

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