Encore Capital Group Acquisition | Financial Services Deal in CA

Encore Capital Group has completed the acquisition of Encore Capital Group, a financial services other business in California, for $750.0 million. Encore Capital Group operates in financial services, focused on credit and debt-related investment activities that support portfolio performance and cash flow generation. The company’s financial services M&A strategy in CA acquisitions centers on funding and balance-sheet optimization through senior secured capital markets access. The announced deal is an upsized offering of 6.625% senior secured notes due 2032, priced at 100.00% in a Rule 144A private placement to qualified institutional buyers and outside the U.S. under Regulation S, with proceeds intended to redeem $500.0 million of 9.250% notes due 2029 and €200.0 million of floating-rate notes due 2028.