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. (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”)…
• 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…
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…
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, 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. (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…
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. (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…
Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today announced that it has taken important steps toward its goal of operational simplification and funding optimization. Currently, Encore’s two primary operating units, Midland Credit Management (“MCM”) in the U.S. and Cabot Credit Management (“Cabot”) in the U.K., have legally separate funding structures. On September…
