ECPG

Encore Capital Group to Present and Meet with Investors at the Raymond James 45th Annual Institutional Investors Conference

Retrieved on: 
Friday, March 1, 2024

SAN DIEGO, March 01, 2024 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that Ashish Masih, President and Chief Executive Officer, Jonathan Clark, Executive Vice President and Chief Financial Officer, and Bruce Thomas, Vice President, Global Investor Relations, will be meeting with investors at the Raymond James 45th Annual Institutional Investors Conference on Monday, March 4, 2024.

Key Points: 
  • SAN DIEGO, March 01, 2024 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that Ashish Masih, President and Chief Executive Officer, Jonathan Clark, Executive Vice President and Chief Financial Officer, and Bruce Thomas, Vice President, Global Investor Relations, will be meeting with investors at the Raymond James 45th Annual Institutional Investors Conference on Monday, March 4, 2024.
  • In addition, Mr. Masih will be making a presentation at the conference at 7:30am Eastern time on the same day.
  • A link to the live webcast and a copy of the presentation will be available in the Investor Events & Presentations section of the company’s website at encorecapital.com/investor-events-presentations .

Encore Capital Group Announces Fourth Quarter and Full-Year 2023 Financial Results

Retrieved on: 
Wednesday, February 21, 2024

Global portfolio purchases in 2023 up 34% to $1,074 million with a record $815 million in the U.S.

Key Points: 
  • Global portfolio purchases in 2023 up 34% to $1,074 million with a record $815 million in the U.S.
    SAN DIEGO, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today reported consolidated financial results for the fourth quarter and full year ended December 31, 2023.
  • In addition, all debt buyers now face higher funding costs,” said Ashish Masih, Encore’s President and Chief Executive Officer.
  • In fact, 76% of our portfolio purchasing in 2023 was allocated to the U.S. market compared to 56% five years ago.
  • Financial Highlights for the Full Year of 2023:

Encore Capital Group to Announce Fourth Quarter 2023 Financial Results on February 21

Retrieved on: 
Wednesday, January 31, 2024

SAN DIEGO, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the fourth quarter 2023 on Wednesday, February 21, 2024, after the market closes.

Key Points: 
  • SAN DIEGO, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the fourth quarter 2023 on Wednesday, February 21, 2024, after the market closes.
  • Members of the public are invited to access the live webcast via the Internet by logging in on the Investor Relations page of Encore's website at www.encorecapital.com .
  • To access the live conference call by telephone, please pre-register using this link .
  • For those who cannot listen to the live broadcast, a replay of the webcast will be available on the Company's website shortly after the call concludes.

Encore Capital Group Announces Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 1, 2023

Portfolio supply growth and pricing improvement continues in U.S. market

Key Points: 
  • Portfolio supply growth and pricing improvement continues in U.S. market
    SAN DIEGO, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today reported consolidated financial results for the third quarter ended September 30, 2023.
  • “The continued growth in U.S. portfolio supply, driven by credit card lending growth and rising charge off rates, has led to improved portfolio pricing and returns.
  • We also remain committed to the critical role we play in the consumer credit ecosystem and to helping consumers restore their financial health," said Masih.
  • Financial Highlights for the Third Quarter of 2023:
    Three Months Ended September 30,

Encore Capital Group Completes Offering of Senior Secured Floating Rate Notes

Retrieved on: 
Monday, October 16, 2023

SAN DIEGO, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today announced that it has completed its offering of €100.0 million aggregate principal amount of its senior secured floating rate notes due 2028 with a coupon of three-month EURIBOR (subject to a 0% floor) plus 4.250% at an issue price of 99.01%.

Key Points: 
  • SAN DIEGO, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today announced that it has completed its offering of €100.0 million aggregate principal amount of its senior secured floating rate notes due 2028 with a coupon of three-month EURIBOR (subject to a 0% floor) plus 4.250% at an issue price of 99.01%.
  • Encore will use the proceeds from this offering to repay drawings under its revolving credit facility, and to pay certain transaction fees and expenses incurred in connection with the offering of the notes.
  • “The completion of our senior secured floating rate note offering today, as an addition to our December 2020 offering, demonstrates that our global funding structure continues to provide us with one of the best balance sheets in the global credit management services industry,” said Jonathan Clark, Executive Vice President and Chief Financial Officer.
  • “With growing supply and improving pricing in the U.S. debt buying market, we expect 2023 will be a record year of capital deployment for our MCM business with strong returns.

Encore Capital Group to Announce Third Quarter 2023 Financial Results on November 1

Retrieved on: 
Wednesday, October 11, 2023

SAN DIEGO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the third quarter 2023 on Wednesday, November 1, 2023, after the market closes.

Key Points: 
  • SAN DIEGO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the third quarter 2023 on Wednesday, November 1, 2023, after the market closes.
  • Members of the public are invited to access the live webcast via the Internet by logging in on the Investor Relations page of Encore's website at www.encorecapital.com .
  • To access the live conference call by telephone, please pre-register using this link .
  • For those who cannot listen to the live broadcast, a replay of the webcast will be available on the Company's website shortly after the call concludes.

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

Retrieved on: 
Monday, October 9, 2023

The notes will be issued as "additional notes" under the Company's existing notes indenture dated December 21, 2020, and will have the same terms as the Company's currently outstanding senior secured floating rate notes due 2028.

Key Points: 
  • The notes will be issued as "additional notes" under the Company's existing notes indenture dated December 21, 2020, and will have the same terms as the Company's currently outstanding senior secured floating rate notes due 2028.
  • The Notes will bear interest at a rate equal to the sum of (i) three-month EURIBOR (subject to a 0% floor) plus (ii) 4.250% per annum, reset quarterly.
  • 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.
  • Any offer of the securities will be made only by means of a private offering memorandum.

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

Retrieved on: 
Monday, October 9, 2023

The notes will be issued as "additional notes" under the Company's existing notes indenture dated December 21, 2020, and will have the same terms as the Company's currently outstanding senior secured floating rate notes due 2028.

Key Points: 
  • The notes will be issued as "additional notes" under the Company's existing notes indenture dated December 21, 2020, and will have the same terms as the Company's currently outstanding senior secured floating rate notes due 2028.
  • The Notes will bear interest at a rate equal to the sum of (i) three-month EURIBOR (subject to a 0% floor) plus (ii) 4.250% per annum, reset quarterly.
  • 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 issue price of the notes will be determined at the pricing of the offering.

Encore Capital Group to Announce Second Quarter 2023 Financial Results on August 2

Retrieved on: 
Wednesday, July 12, 2023

SAN DIEGO, July 12, 2023 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the second quarter 2023 on Wednesday, August 2, 2023, after the market closes.

Key Points: 
  • SAN DIEGO, July 12, 2023 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the second quarter 2023 on Wednesday, August 2, 2023, after the market closes.
  • Members of the public are invited to access the live webcast via the Internet by logging in on the Investor Relations page of Encore's website at www.encorecapital.com .
  • To access the live conference call by telephone, please pre-register using this link .
  • For those who cannot listen to the live broadcast, a replay of the webcast will be available on the Company's website shortly after the call concludes.

Encore Capital Group, Inc. Extends its Global Senior Facility

Retrieved on: 
Monday, May 15, 2023

SAN DIEGO, May 15, 2023 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today announced that it had amended its existing global senior secured revolving credit facility agreement to extend the termination date of the facility from September 2026 to September 2027.

Key Points: 
  • SAN DIEGO, May 15, 2023 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today announced that it had amended its existing global senior secured revolving credit facility agreement to extend the termination date of the facility from September 2026 to September 2027.
  • In addition, the size of the facility was increased by $40 million to $1.18 billion.
  • “The extension and upsize of our global senior facility announced today demonstrates the ongoing support of our bank group in a challenging banking environment.
  • This amendment and extension represents another step in our process to continually improve our global balance sheet, which we believe also provides us very competitive funding costs when compared to our peers and competitors.”