Encore Capital Group, Inc. Announces Proposed Senior Secured Floating Rate Notes Offering
Encore Capital Group announced a proposed offering of €300 million in senior secured floating rate notes due 2033, part of a broader debt refinancing strategy. Proceeds will be used to redeem €215 million of existing 2028 notes, repay revolving credit facility drawings, and cover offering expenses.
Key figures
- Deal Value Usd
- €300.0 million
- High cost debt rate
- 9.250%
- Previous offering rate
- 6.625%
- High cost debt redeemed
- $500.0 million
- Previous offering amount
- $750.0 million
- Existing 2028 notes total
- €415.0 million
AI analysis
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