Encore Capital calls USD 230 million 4% convertible notes due 2029 for redemption
ECPG•Conversion terms and interest details
Interest will stop accruing on or after the redemption date, assuming payment is made.
Holders can convert their notes until 5 p.m. New York time on Sept. 22, 2026; conversions after the call will be settled in cash.
The make-whole conversion rate has been raised to 16 shares per USD 1,000 during the conversion period, from 15 shares.
Redemption notice issued for 2029 convertible notes
Encore Capital Group issued a redemption notice for all USD 230 million of its 4.00% Convertible Senior Notes due 2029.
The notes are set to be redeemed on Sept. 24, 2026 at 100% of principal, or about USD 1,001 per USD 1,000, plus accrued interest to Sept. 23.
