Encore Capital Group, Inc. Announces Proposed Senior Secured Notes Offering
Encore Capital Group (Nasdaq: ECPG) announced plans to offer $400 million in senior secured notes due 2031 through a private offering to qualified institutional buyers. The notes will be senior secured obligations of the company, backed by substantially all material subsidiaries and secured by company assets.
The proceeds will be used to repay drawings under the company's Global Senior Facility and cover transaction-related expenses. The offering will be made only to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.
Encore Capital Group (Nasdaq: ECPG) ha annunciato piani per offrire note senior secured per 400 milioni di dollari con scadenza nel 2031 tramite un'offerta privata a investitori istituzionali qualificati. Le note saranno obbligazioni garantite senior della società, supportate da quasi tutte le controllate rilevanti e garantite dai beni della società.
Il ricavato sarà utilizzato per ripagare i prelievi effettuati nell'ambito della Global Senior Facility e per coprire le spese legate all'operazione. L'offerta sarà rivolta solo a investitori istituzionali qualificati ai sensi della Rule 144A e a persone non statunitensi ai sensi del Regulation S dello Securities Act.
Encore Capital Group (Nasdaq: ECPG) anunció planes para ofrecer 400 millones de dólares en notas senior garantizadas vencimiento 2031 mediante una oferta privada a compradores institucionales calificados. Las notas serán obligaciones senior garantizadas de la compañía, respaldadas por prácticamente todas las filiales relevantes y garantizadas por los activos de la empresa.
Los ingresos se utilizarán para pagar los avances realizados bajo la Global Senior Facility de la compañía y cubrir los gastos relacionados con la operación. La oferta se realizará únicamente a compradores institucionales calificados conforme a la Regla 144A y a personas no estadounidenses conforme al Reglamento S de la Securities Act.
Encore Capital Group(Nasdaq: ECPG)는 2031년 만기 고정담보채권으로 4억 달러를 자격 있는 기관 투자자들에게 비공개로 발행할 계획을 발표했다. 채권은 회사의 우선 담보채무로서, 상당수의 중요한 자회사에 의해 담보되며 회사 자산에 의해 담보된다.
수익금은 회사의 Global Senior Facility에서의 대출 인출을 상환하는 데 사용되고 거래 관련 비용을 충당하는 데 사용될 예정이다. 이번 공모는 Securities Act의 Rule 144A에 따른 자격 있는 기관 투자자 및 Regulation S에 따른 비미국 거주자에게만 이루어진다.
Encore Capital Group (Nasdaq: ECPG) a annoncé son intention d'émettre obligations sécurisées seniors de 400 millions de dollars arrivant à échéance en 2031 par le biais d'une offre privée à des investisseurs institutionnels qualifiés. Les obligations seront des dettes sécurisées seniors de la société, garanties par pratiquement toutes les filiales importantes et garanties par les actifs de l'entreprise.
Le produit sera utilisé pour rembourser les tirages effectués dans le cadre de la Global Senior Facility de la société et pour couvrir les frais liés à la transaction. L'offre sera faite uniquement à des investisseurs institutionnels qualifiés conformes à la Rule 144A et à des personnes non américaines conformes au Regulation S du Securities Act.
Encore Capital Group (Nasdaq: ECPG) hat Pläne angekündigt, Senior Secured Notes in Höhe von 400 Millionen USD mit Fälligkeit 2031 durch ein privates Angebot an qualifizierte institutionelle Käufer auszugeben. Die Anleihen werden besicherte Senior-Verbindlichkeiten des Unternehmens sein, gestützt durch nahezu alle wesentlichen Tochtergesellschaften und gesichert durch Vermögenswerte des Unternehmens.
Die Mittel sollen verwendet werden, um draws aus der Global Senior Facility des Unternehmens zurückzuzahlen und Transaktionskosten zu decken. Das Angebot erfolgt nur an qualifizierte institutionelle Käufer gemäß Rule 144A und an Personen außerhalb der USA gemäß Regulation S des Securities Act.
Encore Capital Group (ناسداك: ECPG) أعلنت عن خطط لتوفير سندات مضمونة senior بقيمة 400 مليون دولار تستحق في 2031 من خلال عرض خاص للمشترين المؤسسيين المؤهلين. ستكون هذه السندات التزاماً مضمونا كتوّجيًا من الشركة، مدعومًا من قبل جميع الشركات الفرعية الهامة تقريباً ومضمونًا بأصول الشركة.
سيُستخدم العائد لـ< b>سداد السحوبات بموجب M Global Senior Facility للشركة وتغطية النفقات المتعلقة بالصفقة. سيكون العرض موجهاً فقط إلى المشترين المؤسسيين المؤهلين وفق Rule 144A وإلى أشخاص غير أمريكيين وفق Regulation S من Securities Act.
Encore Capital Group（纳斯达克股票代码：ECPG）宣布计划通过面向合格机构买家的一项私募发行，发行金额为4亿美元的2031年到期的高级担保票据。这些票据将是公司级的高级担保义务，由几乎所有重要子公司支持，并由公司资产提供担保。
募得资金将用于偿还公司全球高级设施（Global Senior Facility）下的提款并覆盖交易相关费用。此次发行仅向符合Rule 144A规定的合格机构买家以及符合Regulation S的境外人士进行。
- Potential strengthening of capital structure through $400 million notes offering
- Strong security backing with notes secured by substantially all company assets
- Strategic debt refinancing by repaying revolving credit facility
- Additional long-term debt commitment through 2031
- Increased interest expense likely from new notes issuance
- Limited to qualified institutional buyers, excluding retail investors
Insights
Encore Capital's $400M senior secured notes offering will refinance existing debt, potentially improving their capital structure with longer-term financing.
Encore Capital Group has announced a
The strategic financial implications are noteworthy. By using these proceeds to repay drawings on their Global Senior Facility (revolving credit), Encore is effectively extending its debt maturity profile from short-term revolving debt to notes maturing in 2031. This typically provides greater financial stability and predictability in their capital structure.
The notes will be senior secured obligations backed by substantially all material assets of the company and its guarantor subsidiaries, putting these noteholders on par with the company's other senior secured creditors. This security feature likely improves the terms Encore can secure in the market.
The interest rate and specific terms remain undetermined, pending market conditions and final pricing. Without these details, it's impossible to assess whether this refinancing will increase or decrease Encore's overall interest expense or cost of capital. This transaction appears to be a standard refinancing aimed at optimizing the company's capital structure rather than signaling any fundamental change in financial direction.
SAN DIEGO, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq: ECPG) (the “Company”) today announced its intention to offer, subject to market and other conditions,
The notes will be senior secured obligations of the Company, and will be fully and unconditionally guaranteed on a senior secured basis by substantially all material subsidiaries of the Company. The obligations of the Company and the guarantors will be secured, together with the Company’s other senior secured indebtedness, by substantially all of the assets of the Company and the guarantors. The interest rate and other terms of the notes will be determined at the pricing of the offering.
The Company intends to use the proceeds from this offering to repay drawings under its revolving credit facility (the “Global Senior Facility”) and to pay certain transaction fees and expenses incurred in connection with the offering of the notes.
The offer and sale of the notes have not been, and will not be, registered under the Securities Act, and the notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the notes nor will there be any sale of the notes in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful. Any offer of the securities will be made only by means of a private offering memorandum.
Forward-Looking Statements
This press release includes forward-looking statements, including statements regarding the completion, timing and size of the proposed offering, the intended use of the proceeds, and the terms of the notes being offered. Forward-looking statements represent Encore’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including market interest rates, the trading price and volatility of Encore’s common stock and risks relating to Encore’s business, including those described in periodic reports that Encore files from time to time with the U.S. Securities and Exchange Commission. Encore may not consummate the proposed offering described in this press release and, if the proposed offering is consummated, cannot provide any assurances regarding the final terms of the notes or its ability to effectively apply the net proceeds as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and Encore does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law.
Contact Information
Bruce Thomas, Investor Relations
(858) 309-6442
bruce.thomas@encorecapital.com
FAQ
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