Encore Capital Group Inc. has announced an amendment to its existing global senior secured revolving credit facility. The company, alongside several guarantors, banks, and financial institutions, agreed to a $190 million increase in the facility, raising the total amount from $1,295 million to $1,485 million. Additionally, the termination date of the facility has been extended from September 2028 to September 2029, with the exception of a $69.5 million tranche that will still terminate in September 2028. This amendment was formalized through an amendment letter dated May 22, 2025, with Truist Bank serving as the Agent and Security Agent.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.