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, focusing on credit and financing activities tied to senior secured floating rate notes. The company’s CA acquisitions strategy supports funding flexibility and capital structure management through EURIBOR-linked debt with a 0% floor and 3.250% spread. The financial services M&A deal is structured as an upsized senior secured floating rate notes offering, priced for qualified institutional buyers under Rule 144A and outside the United States under Regulation S, with maturity in 2033. Proceeds are intended to redeem 2028 notes, repay revolving credit facility borrowings, and cover offering fees.