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Prospect News home > News index > List of issuers E > Headlines for Encore Capital Group, Inc. > News item
Published on 12/7/2020 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Encore Capital to partially redeem €400 million floaters due 2024

By Taylor Fox

New York, Dec. 7 – Encore Capital Group, Inc. plans to redeem a portion of wholly owned subsidiary Cabot Financial (Luxembourg) II SA’s outstanding €400 million senior secured floating-rate notes due 2024, according to a news release.

The redemption, and certain transaction fees and expenses, will be funded using proceeds from Encore’s planned offering of €275 million senior secured floating-rate notes due 2027.

Encore Capital is a San Diego-based provider of debt management and recovery solutions.


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