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StonvexEncore Capital Group priced an upsized €325.0 million senior secured floating rate notes offering due 2033, increased from the initially planned €300.0 million. The company will use proceeds to redeem €215.0 million of its 2028 notes and repay revolving credit facility borrowings, which combined with a previously announced $750.0 million 2032 notes offering will fully retire its €415.0 million outstanding 2028 notes.
Encore Capital Group announced the pricing of €325.0 million in senior secured floating rate notes due 2033, upsized from €300.0 million. The company will use proceeds to redeem €215.0 million of its 2028 notes and repay revolving credit facility drawings. Combined with a previously announced $750.0 million offering of 2032 notes, the company will fully redeem its €415.0 million outstanding 2028 notes.
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