Encore Capital Group Completes Offering of Senior Secured Notes
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Summary:
SAN DIEGO, June 01, 2021 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today announced that it has completed its offering of £250 million aggregate principal amount of 4.25% senior secured notes due 2028.
Encore used the proceeds from the offering to redeem in full the outstanding £226.2 million 7.50% senior secured notes due 2023 and to pay certain transaction fees and expenses incurred in connection with the offering of the Notes.
“We successfully completed our senior secured note offering today, demonstrating yet again that our global funding structure provides us with one of the best balance sheets in the global credit management services industry,” said Jonathan Clark, Executive Vice President and Chief Financial Officer ...
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