ECPG news

Encore Capital Group announced the appointment of Robert W. Beck to its board of directors, effective immediately. His extensive experience in consumer finance is expected to enhance the company's strategic direction.

Encore reported record collections and portfolio purchases, including a $1 billion refinancing, but also announced adjusted guidance.

Encore Capital Group announced a call for redemption of $230 million in convertible senior notes due 2029. The move, triggered by trading price triggers, nullifies the issuers future cash interest obligations and converts each $1,000 bond into $1,001.

Encore Capital Group amended its certificate of incorporation to expand protections limiting personal liability of directors and officers for breach of fiduciary duty. The change provides broader indemnification consistent with Delaware corporate law, potentially reducing legal exposure for board me…

Encore Capital Group issued €325 million of senior secured floating rate notes maturing in 2033 under an indenture with GLAS Trust Company as trustee. The debt offering provides capital financing for the debt collection and financial services company.

Encore Capital Group completed an indenture for $750 million in 6.625% senior secured notes maturing in 2032, with GLAS Trust Company and Truist Bank serving as trustee and security agent respectively. The offering represents debt financing activity and expands the company's capital structure.