E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers E > Headlines for Encore Capital Group, Inc. > News item
Published on 3/14/2024 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Encore Capital plans to redeem £300 million secured notes due 2026

By Angela McDaniels

Tacoma, Wash., March 14 – Encore Capital Group, Inc. plans to redeem its £300 million of senior secured notes due 2026 on or about Nov. 15, 2024, according to a company news release.

The company plans to use borrowings under its revolving credit facility or other available sources of financing to redeem the notes.

The company priced an upsized $500 million issue of five-year senior secured notes (Ba2/BB+) at par to yield 9¼% on Thursday and said it will use the proceeds to repay drawings under the revolver.

Encore is a San Diego-based financial services company.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.