debt
confidence high
sentiment neutral
materiality 0.65
Encore Capital prices $500M 6.625% senior secured notes due 2031, upsized from $400M
ENCORE CAPITAL GROUP INC
- Principal amount upsized to $500M from $400M; notes priced at 100% of par.
- Interest rate 6.625% per annum, payable semi-annually on April 15 and October 15.
- Proceeds to repay drawings under Global Senior Facility and pay transaction fees.
- Notes are senior secured obligations, guaranteed by material subsidiaries.
- Maturity April 15, 2031, subject to earlier repurchase or redemption.