Encore Capital calls USD 230 million 4% convertible notes due 2029 for redemption

Reuters2026/07/22 20:07

By:Reuters

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Encore Capital Group issued a redemption notice for all USD 230 million of its 4.00% Convertible Senior Notes due 2029.
Redemption set for Sept. 24, 2026 at 100% of principal, about USD 1,001 per USD 1,000, with accrued interest to Sept. 23.
Interest stops accruing on or after the redemption date, assuming payment is made.
Holders can convert until 5 p.m. New York time on Sept. 22, 2026; conversions after the call will be settled in cash.
Make-whole conversion rate raised to 16 shares per USD 1,000 during the conversion period, from 15 shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Encore Capital Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607221605PRIMZONEFULLFEED9766537) on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Encore Capital calls USD 230 million 4% convertible notes due 2029 for redemption

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