---
schema_version: "secwatch.filing_event.v1"
accession: "0001084961-26-000052"
form_type: "8-K"
ticker: "ECPG"
cik: "0001084961"
company_name: "ENCORE CAPITAL GROUP INC"
filed_at: "2026-07-22T20:20:29+00:00"
generated_at: "2026-07-22T20:21:14.759176+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001084961-26-000052
- form_type: 8-K
- ticker: ECPG
- cik: 0001084961
- company_name: ENCORE CAPITAL GROUP INC
- filed_at: 2026-07-22T20:20:29+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1084961/000108496126000052/0001084961-26-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1084961/000108496126000052/ecpg-20260722.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001084961-26-000052
- JSON: https://secwatch.observer/filing/0001084961-26-000052.json
- Plain text: https://secwatch.observer/filing/0001084961-26-000052.txt

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