SAN DIEGO, May  12, 2026  (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ:ECPG) (the &#34;Company&#34;) today announced its intention to offer, subject to market and other conditions, €300.0 million aggregate principal

ECPG

Encore Capital Group, Inc. Announces Proposed Senior Secured Floating Rate Notes Offering

Encore Capital Group Announces Significant Debt Restructuring Strategy

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>SAN DIEGO, May  12, 2026  (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ:ECPG) (the &amp;#34;Company&amp;#34;) today announced its intention to offer, subject to market and other conditions, €300.0 million aggregate principal</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Encore Capital Group (ECPG) is set to issue €300 million in senior secured notes to strengthen its balance sheet by redeeming existing debt. This move, alongside a previously priced $750 million offering, aims to lower interest expenses and enhance financial health, potentially driving share value upward in the near term.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>ECPG plans to issue €300 million senior secured floating rate notes due 2033.</li><li>Proceeds will help redeem €215 million of existing notes due 2028.</li><li>A $750 million offering of 2032 Notes is priced and proceeds will fund debt reduction.</li><li>Total outstanding senior secured notes will be reduced post-offering.</li><li>Market conditions and actual results may alter global debt offering effectiveness.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Encore Capital Group (ECPG)</strong>: ECPG&#039;s strategic debt issuance should enhance stability.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This development falls under Corporate Developments as it indicates a significant change in ECPG&#039;s capital structure and financial strategy, aimed at strengthening the company&#039;s position and potential growth trajectory.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>ECPG’s debt restructuring plan could lower interest payments significantly.</li><li>Successful note offering could enhance liquidity and increase investor confidence.</li><li>Immediate refinancing of higher interest notes impacts near-term cash flow positively.</li><li>Market volatility may affect the terms of new offerings.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>ECPG plans to issue €300 million of senior secured notes.</li><li>Intends to redeem €215 million of senior secured notes due 2028.</li><li>A $750 million offering priced on May 11, 2026, due 2032.</li><li>Outstanding €415 million notes due 2028 to be fully redeemed.</li><li>Notes will be offered only to qualified institutional buyers.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>ECPG may see upward price movement in the short term as debt worries ease.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">SAN DIEGO, May  12, 2026  (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/ECPG">ECPG</a>) (the "Company") today announced its intention to offer, subject to market and other conditions, €300.0 million aggregate principal amount of senior secured floating rate notes due 2033 (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 United States to non-U.S. persons (within the meaning of Regulation S under the Securities Act).</p>  <p align="justify">The notes will be senior secured obligations of the Company, and will be fully and unconditionally guaranteed on a senior secured basis by substantially all material subsidiaries of the Company. The obligations of the Company and the guarantors will be secured, together with the Company's other senior secured indebtedness, by substantially all of the assets of the Company and the guarantors. The interest rate and other terms of the notes will be determined at the pricing of the offering.</p>  <p align="justify">The Company intends to use the proceeds from this offering to (a) redeem €215.0 million of its €415.0 million outstanding senior secured floating rate notes due 2028, including payment of estimated accrued interest payable on the redemption date, (b) repay drawings under its revolving credit facility, and (c) pay estimated fees, expenses and the initial purchasers' discounts for the offering.</p>  <p align="justify">On May 11, 2026, the Company launched and priced an offering of $750.0 million 6.625% senior secured notes due 2032 (the &#34;2032 Notes&#34;), which are expected to be issued on May 22, 2026. The Company intends to use the proceeds from the offering of the 2032 Notes, together with drawings under its revolving credit facility, to (a) redeem its outstanding $500.0 million of 9.250% senior secured notes due 2029 in full, including payment of the premium due as part of the redemption price and estimated accrued interest payable on the redemption date, (b) redeem €200.0 million of its €415.0 million outstanding senior secured floating rate notes due 2028, including payment of estimated accrued interest payable on the redemption date and (c) pay estimated fees, expenses and the initial purchasers' discounts for the offering.</p>  <p align="justify">Following the completion of this offering and the offering of the 2032 Notes, and the use of proceeds therefrom, the Company&#39;s €415.0 million of outstanding senior secured floating rate notes due 2028 will be redeemed in full, and there will be a net repayment of drawings under its revolving credit facility.</p>  <p align="justify">The offer and sale of the notes have not been, and will not be, registered under the Securities Act, and the notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the notes nor will there be any sale of the notes in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful. Any offer of the securities will be made only by means of a private offering memorandum.</p>  <p align="justify"><strong>Forward-Looking Statements</strong><br></br>This press release includes forward-looking statements, including statements regarding the completion, timing and size of the proposed offering, the intended use of the proceeds and the terms of the notes being offered. Forward-looking statements represent Encore's current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including market interest rates, the trading price and volatility of Encore's common stock and risks relating to Encore's business, including those described in periodic reports that Encore files from time to time with the U.S. Securities and Exchange Commission. Encore may not consummate the proposed offering described in this press release and, if the proposed offering is consummated, cannot provide any assurances regarding the final terms of the notes or its ability to effectively apply the net proceeds as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and Encore does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law.</p>  <p align="justify"><strong>Contact Information</strong><br></br>Bruce Thomas, Investor Relations<br></br>bruce.thomas@encorecapital.com</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcxODE3OSM3NTk3NjIyIzIwMDQ3NDU="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/ZjllNzJhMTMtMGM5OC00NWE0LTkyZTMtNzVjMGM5MTQxNjhhLTEwMTYzMTgtMjAyNi0wNS0xMi1lbg==/tiny/Encore-Capital-Group-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/1854936a-a6ca-431a-96fe-9372bf406e37"><img src="https://ml.globenewswire.com/media/1854936a-a6ca-431a-96fe-9372bf406e37/small/encore-tagline-vert-rgb-lo-res-jpg.jpg" border="0" width="150" height="87" alt="Primary Logo"></img></a></p>

Encore Capital Group (ECPG) is set to issue €300 million in senior secured notes to strengthen its balance sheet by redeeming existing debt. This move, alongside a previously priced $750 million offering, aims to lower interest expenses and enhance financial health, potentially driving share value upward in the near term.

Encore Capital Group, Inc. Announces Proposed Senior Secured Floating Rate Notes Offering

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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