Encore Capital Group

SAN DIEGO, May 9, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), a leader in consumer debt buying and recovery, today announced consolidated financial results for the first quarter ended March 31, 2013.

SAN DIEGO, May 8, 2013 /PRNewswire/ -- – Encore Capital Group, Inc. (Nasdaq: ECPG), a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets, announced today that Ken Vecchione, its President, and Paul Grinberg, its Executive Vice President and Chief Financial Officer, will be making a presentation to the investment community at the JMP Securities Financial Services and Real Estate Conference to be held in San Francisco, CA on Monday, May 13, 2013 at 3:00 p.m. EDT.

SAN DIEGO, April 29, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), a leader in consumer debt buying and recovery, announced today that it will host its seventh annual investor day on Wednesday, June 5, 2013, in New York City, following the conclusion of business at its annual meeting of stockholders. Presentations by Encore's management team are scheduled to begin at approximately 10:00 a.m. Eastern Time and conclude by 11:45 a.m. Eastern Time.

SAN DIEGO, April 26, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), a leading consumer debt buying and recovery company, announced today that it will release its financial results for the first quarter of 2013 on Thursday, May 9, 2013, after the market closes. The Company will also host a conference call the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time to discuss the reported results.

SAN DIEGO, April 8, 2013 /PRNewswire/ -- Encore Capital Group (Nasdaq: ECPG) today announced that its board of directors has elected Ken Vecchione, 58, to succeed Brandon Black as chief executive officer.  To effect the transition, Vecchione will serve as president while Black will continue serving as chief executive officer up through May 31, 2013, after which Black will remain available to the board and management on a consulting basis...

SAN DIEGO and WARREN, Mich., March 6, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG) and Asset Acceptance Capital Corp. (Nasdaq: AACC) today announced that Encore has entered into an agreement to acquire Asset Acceptance Capital Corp. Based in Warren, Michigan, Asset Acceptance has decades of experience in buying consumer receivables across a broad range of asset classes, as well as a tenured workforce. Combined, Encore and Asset Acceptance have purchased over 60 million individual consumer accounts, including credit card, telecommunications, consumer loans and other related assets, with a face value of over $130 billion...

SAN DIEGO, Jan. 29, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), a leading consumer debt buying and recovery company, announced today that it will release its financial results for the fourth quarter and full year of 2012 on Wednesday, February 13, 2013, after the market closes. The Company will also host a conference call the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time to discuss the reported results. Members of the public are invited to listen to the event via a telephone conference call line...

SAN DIEGO, Dec. 11, 2012 /PRNewswire/ -- On November 27, 2012, Encore Capital Group, Inc. (NASDAQ: ECPG) (the "Company") sold $100,000,000 in aggregate principal amount of the Company's 3.00% Convertible Senior Notes due 2017 (the "Notes") in a private placement transaction. The Notes were issued pursuant to an Indenture, dated November 27, 2012, between the Company and Union Bank, N.A., as trustee. On December 6, 2012, the initial purchasers exercised, in full, their option to purchase an additional $15,000,000 in aggregate principal amount of the Notes (the "Additional Notes").  The Company today announced the closing of the sale of the Additional Notes. In connection wi...

LOS ANGELES and SAN DIEGO, Dec. 3, 2012 /PRNewswire/ -- Personalized financial motivation company Payoff.com and Encore Capital Group, the leader in consumer debt buying and recovery, announced today the formation of a strategic partnership to provide Payoff.com's services to the 34 million distressed consumers Encore works with, each of whom owes one or more unsecured debts (serviced by wholly-owned Encore subsidiary Midland Credit Management). The Federal Reserve estimates that U.S. consumers held unsecured debt totaling $2.6 trillion in 2011, a number that is projected to grow in coming years. Consumers are increasingly looking for robust and reliable tools to help them manage thei...

SAN DIEGO, Nov. 21, 2012 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG) (the "Company") yesterday priced $100,000,000 aggregate principal amount of 3.00% convertible senior notes due 2017 (the "notes") to be sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.  In connection with the offering, the Company has granted the initial purchasers an option to purchase up to an additional $15,000,000 aggregate principal amount of such notes to cover sales in excess thereof. The notes will be senior unsecured obligations of the Company.  The notes will bear interest at a rate of 3.00% per year payable semiannually in arrears on M...

SAN DIEGO, Nov. 19, 2012 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG) (the "Company") today announced that it has commenced a private offering, subject to market and other conditions, of $100,000,000 aggregate principal amount of convertible senior notes due 2017 (the "notes"). In connection with the offering, the Company expects to grant the initial purchasers an option to purchase up to an additional $15,000,000 aggregate principal amount of such notes to cover sales in excess thereof. The notes will be convertible, if certain conditions are met, into cash and, in certain circumstances, shares of the Company's common stock, based on a volume-weighted average price of the c...

SAN DIEGO, Nov. 15, 2012 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), through its subsidiaries (the "Company"), a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets, today announced the approval of a $50 million share repurchase program by its Board of Directors. The share repurchase program is expected to be executed over the course of the next year. "Our continued solid financial performance, together with our new $575 million credit facility and strong balance sheet, will enable us to take the fullest advantage of market opportunities and return capital to shareholders," said Paul Grinberg, Execu...

SAN DIEGO, Nov. 5, 2012 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), through its subsidiaries (the "Company"), a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets, today reported the successful closing of a $575 million credit facility (the "Facility"). "Especially in this challenging credit environment, we are pleased to increase and extend our facility with additional flexibility that will help us drive towards our growth goals," said Paul Grinberg, Executive Vice President and Chief Financial Officer.  "Looking at the industry landscape, we believe that the companies that will thrive will be t...

Earnings Per Share From Continuing Operations Increased 37% to $0.82 per Fully Diluted Share; Quarterly Gross Collections Increased 30% to $246 Million SAN DIEGO, Nov. 1, 2012 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), through its subsidiaries (the "Company"), a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets, today reported consolidated financial results for the third quarter ended September 30, 2012. "For the quarter, we delivered strong financial results, including record earnings, collections and operating cash flow," said Brandon Black, the Company's President and Chief Executive O...

SAN DIEGO, Oct. 26, 2012 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), a leading consumer debt buying and recovery company, announced today that it will release its financial results for the third quarter of 2012 on Thursday, November 1, 2012, after the market closes. The Company will also host a conference call the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time to discuss the reported results. Members of the public are invited to listen to the event via a telephone conference call line or the Internet.  To access the live listen-only telephone conference call, please dial (877) 670-9781 or (408) 940-3818.  To access the live webcast via the Internet, log on at t...

SAN DIEGO, Sept. 12, 2012 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG) (the "Company") today announced that the underwriter of the previously announced public offering has exercised its over-allotment option to purchase an additional 182,000 shares of the Company's common stock from Red Mountain Capital Partners II, L.P. and Red Mountain Capital Partners III, L.P. (the "Selling Stockholders"). Together with the shares sold pursuant to the over-allotment option, the Selling Stockholders have sold a total of 1,395,799 shares of the Company's common stock in the underwritten public offering. The Company did not receive any proceeds from the sale of the shares by the Selling Sto...

SAN DIEGO, Sept. 10, 2012 /PRNewswire/ -- For the second consecutive year, Fortune has named Encore Capital Group (NASDAQ: ECPG) to its 2012 list of the "100 Fastest-Growing Companies." This achievement is a reflection of Encore's continued leadership in debt management and recovery solutions. "Our efforts to help consumers work toward a better financial future drive our success and growth," said Encore CEO Brandon Black. "In the past year, we've continued our focus on new business opportunities, behavioral science, operational investments, and strengthening our analytical capabilities, which are all fundamental to our leadership position in this space." To be eligible for the "10...