Encore Capital calls all $230M 4.00% convertible notes due 2029 for redemption on Sept 24, 2026

ENCORE CAPITAL GROUP INC

Redemption of all $230M aggregate principal of 4.00% Convertible Senior Notes due 2029 on September 24, 2026.
Conversion rate increased to 16.2056 shares per $1,000 principal for conversions during make-whole period (through Sept 22, 2026).
Capped call transactions from 2023 will unwind; option counterparties may sell shares, potentially decreasing stock price.
Redemption price is 100% of principal plus accrued interest (~$1,001 per $1,000 note).
Notes not converted by Sept 22 will be redeemed for cash; conversions settled in cash.

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