Encore Capital Group Enters Material Definitive Agreement

TL;DR

ECPG just signed a big deal, creating a new financial obligation. Watch this space.

AI Summary

On October 1, 2025, Encore Capital Group, Inc. entered into a material definitive agreement, creating a direct financial obligation. The company, headquartered in San Diego, California, filed a Form 8-K to report this significant event.

Why It Matters

This filing indicates a new financial commitment or obligation for Encore Capital Group, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet its obligations.

Key Players & Entities

• Encore Capital Group, Inc. (company) — Registrant
• October 1, 2025 (date) — Date of earliest event reported
• San Diego, California (location) — Company Headquarters

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 Par Value Per Share ECPG The NASDAQ Sto
• $500.0 million — ital Group, Inc. (the "Company") issued $500.0 million aggregate principal amount of 6.625% se

Filing Documents

• ck0001084961-20251001.htm (8-K) — 28KB
• ex41-indenturedatedoctober.htm (EX-4.1) — 1134KB
• 0001084961-25-000107.txt ( ) — 1472KB
• ck0001084961-20251001.xsd (EX-101.SCH) — 2KB
• ck0001084961-20251001_lab.xml (EX-101.LAB) — 22KB
• ck0001084961-20251001_pre.xml (EX-101.PRE) — 13KB
• ck0001084961-20251001_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On October 1, 2025 , Encore Capital Group, Inc. (the "Company") issued $500.0 million aggregate principal amount of 6.625% senior secured notes due 2031 (the "Notes") pursuant to an indenture (the "Indenture") between, among others, the Company, certain subsidiaries of the Company as guarantors, GLAS Trust Company LLC as trustee and Truist Bank as security agent. The Notes are senior secured obligations of the Company, and are fully and unconditionally guaranteed on a senior secured basis by substantially all material subsidiaries of the Company. The obligations of the Company and the guarantors are secured, together with the Company's other senior secured indebtedness, by substantially all of the assets of the Company and the guarantors. The Notes will accrue interest at a rate of 6.625% per annum, payable semi-annually in arrears on April 15 and October 15 of each year, beginning on April 15, 2026. The Notes will mature on April 15, 2031, unless earlier repurchased or redeemed by the Company. The Company used the proceeds from the offering to repay drawings under its revolving credit facility (the " Global Senior Facility " ) and to pay certain transaction fees and expenses incurred in connection with the offering of the notes. A copy of the Indenture (including the form of the Notes) is attached as an exhibit to this report and is incorporated herein by reference (and this description is qualified in its entirety by reference to such document). Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. Exhibit Number Description 4.1 Indenture dated October 1, 2025 between Encore Capital Group, Inc., the subsidiary guarantors party thereto, GLAS Trust Company LLC as trustee and Truist Bank as security agent 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: October 2, 2025 /s/ Tomas Hernanz Tomas Hernanz Executive Vice President, Chief Financial Officer and Treasurer EXHIBIT INDEX Exhibit Number Description 4.1 Indenture dated October 1, 2025 between Encore Capital Group, Inc., the subsidiary guarantors party thereto, GLAS Trust Company LLC as trustee and Truist Bank as security agent 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

View Full Filing

View this 8-K filing on SEC EDGAR