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Encore Capital to offer £250 million senior notes due 2026
By Taylor Fox
New York, Nov. 12 – Encore Capital Group Inc. is planning to offer £250 million of senior secured notes due 2026, according to a news release.
The Rule 144A and Regulation S notes will be guaranteed on a senior secured basis by all material subsidiaries of Encore.
Proceeds will be used to redeem some of the £512.9 million 7 ½% senior secured notes due 2023 issued by subsidiary Cabot Financial (Luxembourg) SA.
Encore Capital is a San Diego-based provider of debt management and recovery solutions.
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