#Encore energy systems inc subsidiaries full

#Encore energy systems inc subsidiaries full

The Company intends to use the proceeds from this offering to redeem in full the outstanding £226.2 million 7.500% senior secured notes due 2023, issued by Cabot Financial (Luxembourg) S.A., a wholly owned subsidiary of the Company, and to pay certain transaction fees and expenses incurred in connection with the offering of the notes. The interest rate and other terms of the notes will be determined at the pricing of the offering. The obligations of the Company and the guarantors will be 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 be senior secured obligations of the Company, and will be fully and unconditionally guaranteed on a senior secured basis by substantially all material subsidiaries of the Company.

persons (within the meaning of Regulation S under the Securities Act).

(Nasdaq: ECPG) (the “ Company”) today announced its intention to offer, subject to market and other conditions, £250.0 million aggregate principal amount of senior secured notes due 2028 (the “ notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “ Securities Act”) and outside the United States to non-U.S. SAN DIEGO, (GLOBE NEWSWIRE) - Encore Capital Group, Inc.