Encore Capital Group, Inc. (ECPG) Monday announced its decision to privately offer $400 million of senior secured notes due 2030 to qualified institutional buyers.
The company intends to use the proceeds from this offering to repay debts, to pay expenses incurred in connection with the offering of the notes, and for general corporate purposes.
Encore said it currently plans to use borrowings under the Global Senior Facility or other available sources of financing to redeem its 350.0 million euros senior secured notes due 2025 by October 15, 2024.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.