Press
Information

Media Contact Information
Press inquiries may be sent to
press@encorecapital.com.
Encore Capital Group Completes Upsized Offering of Senior Secured Notes
Monday, November 23, 2020

Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today announced that it has completed its offering of £300.0 million aggregate principal amount of 5.375% senior secured notes due 2026, which was upsized by £50.0 million from £250.0 million. Encore used the proceeds from the offering to redeem £286.7 million of outstanding 7.5% senior…

Encore Capital Group, Inc. Announces Pricing of Upsized Senior Secured Notes Offering
Thursday, November 12, 2020

Encore Capital Group, Inc. (Nasdaq: ECPG) (the “Company”) today announced the pricing of its offering of £300.0 million aggregate principal amount of 5.375% senior secured notes due 2026 (the “notes”), which was upsized by £50.0 million from £250.0 million, in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of…

Encore Capital Group, Inc. Announces Proposed Senior Secured Notes Offering
Wednesday, November 11, 2020

Encore Capital Group, Inc. (Nasdaq: ECPG) (the “Company”) today announced its intention to offer, subject to market and other conditions, £250.0 million aggregate principal amount of senior secured notes due 2026 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”)…

Encore Capital Group Announces Third Quarter 2020 Financial Results
Monday, November 2, 2020

• GAAP net income up 41% to $55 million, or $1.72 per share • Non-GAAP adjusted net income up 42% to $74 million, or $2.31 per share • Global collections grew 8% to a record $540 million • Estimated Remaining Collections (ERC) grew 15% to a record $8.5 billion Encore Capital Group, Inc. (NASDAQ: ECPG), an…

Encore Settles CFPB Suit, Ending 2015 Consent Order and Resolving All Open Issues
Thursday, October 15, 2020

One-time $15 million payment to the CFPB, $9 thousand in total redress to 14 consumers No incremental operational impact Encore Capital Group, Inc. (NASDAQ: ECPG) today announced the resolution of a lawsuit filed last month by the Consumer Financial Protection Bureau (CFPB) against the company and its U.S. subsidiaries. The principal focus of the suit's allegations…

Encore’s India Operation amongst “Champions of Inclusion”
Thursday, October 8, 2020

Gurugram, India, October 8, 2020 — Also designated one of the “100 Best Companies for Women in India” for third consecutive year The Working Mother Research Institute (WMRI), in partnership with the Avtar Group, India’s leading diversity advocate and workplace inclusion authority, has awarded Encore’s India-based operations, through its subsidiary, Midland Credit Management (MCM), two awards…

Encore Capital Group Announces Completion of New Global Funding Structure
Thursday, September 24, 2020

Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today announced that it has completed the implementation of its new global funding structure. “The completion of our new global funding structure is a pivotal event in the evolution of Encore,” said Ashish Masih, President and Chief Executive Officer. “We successfully combined the balance sheets…

Encore Capital Group, Inc. Announces Pricing of Upsized Senior Secured Notes Offering
Thursday, September 10, 2020

Encore Capital Group, Inc. (Nasdaq: ECPG) (the “Company”) today announced the pricing of its offering of €350.0 million aggregate principal amount of 4.875% senior secured notes due 2025 (the “notes”), which was upsized by €50.0 million from €300.0 million, in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of…

Encore Capital Group Statement on Consumer Financial Protection Bureau Suit
Wednesday, September 9, 2020

Earlier today, the Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Encore Capital Group, Inc. (NASDAQ: ECPG) and its U.S.-based subsidiaries Midland Funding, LLC, Midland Credit Management, Inc. and Asset Acceptance Capital Corp.  The suit alleges that the defendants failed to implement certain practices required under a consent order entered with the CFPB in September…

Encore Capital Group, Inc. Announces Proposed Senior Secured Notes Offering
Tuesday, September 8, 2020

Encore Capital Group, Inc. (Nasdaq: ECPG) (the “Company”) today announced its intention to offer, subject to market and other conditions, €300,000,000 aggregate principal amount of senior secured notes due 2025 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and outside the…