ENCORE CAPITAL GROUP INC 8K

Encore Capital Group is redeeming all $230 million of its 4.00% Convertible Senior Notes due 2029 on September 24, 2026, offering an enhanced conversion period and planning to unwind related capped call transactions.

Encore Capital Group, Inc. announced that it has issued a redemption notice calling for the redemption of all $230 million aggregate principal amount of its 4.00% Convertible Senior Notes due 2029, with a redemption date of September 24, 2026 and a cash redemption price equal to 100% of principal plus accrued interest, while giving noteholders the right to convert their notes into cash at an enhanced make-whole conversion rate through September 22, 2026; in connection with this redemption, the company also expects to unwind and terminate in full the capped call transactions entered into at the time of the notes’ issuance, which may lead option counterparties and their affiliates to unwind related hedges and sell Encore common stock, potentially affecting the stock’s market price.

Filing Facts

CIK

1084961

Ticker

-

Form

8K

Source Type

sec

Accession

0001084961-26-000052

Alert Tier

7