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Encore Capital to partially redeem £512.9 million 7½% notes due 2023
By Taylor Fox
New York, Nov. 12 – Encore Capital Group, Inc. plans to redeem a portion of wholly owned subsidiary Cabot Financial (Luxembourg) SA’s outstanding £512.9 million 7½% senior secured notes due 2023, according to a news release.
The redemption will be funded using proceeds from a proposed £250 million offering.
Encore Capital is a San Diego-based provider of debt management and recovery solutions.
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