Encore Capital Group Files 8-K
Ticker: ECPG · Form: 8-K · Filed: Mar 15, 2024 · CIK: 1084961
| Field | Detail |
|---|---|
| Company | Encore Capital Group Inc (ECPG) |
| Form Type | 8-K |
| Filed Date | Mar 15, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $400.0 million, $100.0 million, $500.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, disclosure, financial-reporting
Related Tickers: ECPG
TL;DR
ECPG filed an 8-K on 3/15 for an event on 3/12.
AI Summary
Encore Capital Group, Inc. filed an 8-K on March 15, 2024, reporting an event that occurred on March 12, 2024. The filing pertains to "Other Events" and "Financial Statements and Exhibits." The company, incorporated in Delaware, is headquartered in San Diego, California.
Why It Matters
This 8-K filing indicates a significant event or update from Encore Capital Group, Inc. that requires public disclosure to investors.
Risk Assessment
Risk Level: low — This filing is a routine disclosure and does not appear to contain immediately concerning financial or operational news.
Key Numbers
- 20240312 — Event Date (Date of earliest event reported)
- 20240315 — Filing Date (Date the report was filed with the SEC)
Key Players & Entities
- ENCORE CAPITAL GROUP, INC. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- San Diego, California (location) — Principal executive offices
- 000-26489 (company_id) — Commission File Number
- 48-1090909 (company_id) — IRS Employer Identification No.
FAQ
What specific event is reported under "Other Events"?
The filing indicates "Other Events" as an item information, but the specific details of the event are not provided in the provided text.
What is the significance of the "Financial Statements and Exhibits" item?
This indicates that financial statements or exhibits are being filed as part of this report, which could include important financial data or supporting documents.
When was Encore Capital Group, Inc. incorporated?
Encore Capital Group, Inc. was incorporated in Delaware.
What is the primary business of Encore Capital Group, Inc. based on its SIC code?
The Standard Industrial Classification (SIC) code 6153 indicates the company is in the business of Short-Term Business Credit Institutions.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
Filing Stats: 581 words · 2 min read · ~2 pages · Grade level 10.2 · Accepted 2024-03-14 20:17:30
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 Par Value Per Share ECPG The NASDAQ Sto
- $400.0 million — lease announcing its intention to offer $400.0 million aggregate principal amount of senior se
- $100.0 million — of the Offering, w hich was upsized by $100.0 million from $400.0 million to $500.0 million .
- $500.0 million — y $100.0 million from $400.0 million to $500.0 million . The senior secured notes being offere
Filing Documents
- ecpg-20240312.htm (8-K) — 28KB
- hy-ex991pressreleasebondla.htm (EX-99.1) — 7KB
- hy-ex992pressreleasebondpr.htm (EX-99.2) — 8KB
- image_01.jpg (GRAPHIC) — 39KB
- image_0b.jpg (GRAPHIC) — 39KB
- 0001084961-24-000023.txt ( ) — 281KB
- ecpg-20240312.xsd (EX-101.SCH) — 2KB
- ecpg-20240312_lab.xml (EX-101.LAB) — 22KB
- ecpg-20240312_pre.xml (EX-101.PRE) — 13KB
- ecpg-20240312_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events. On March 12, 2024 , Encore Capital Group, Inc. (" Encore ") issued a press release announcing its intention to offer $400.0 million aggregate principal amount of senior secured notes due 2029 (the " Offering ") in a private placement 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). On March 14, 2024, Encore issued a press release announcing the pricing of the Offering, w hich was upsized by $100.0 million from $400.0 million to $500.0 million . The senior secured notes being offered have not been and will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Copies of the press releases are attached as Exhibits 99.1 and 99.2 and incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. Exhibit Number Description 99.1 Launch Press Release 99.2 Pricing Press Release 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ENCORE CAPITAL GROUP, INC. Date: March 14, 2024 /s/ Jonathan C. Clark Jonathan C. Clark Executive Vice President, Chief Financial Officer and Treasurer EXHIBIT INDEX Exhibit Number Description 99.1 Launch Press Release 99.2 Pricing Press Release 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)