Encore Capital Group Inc filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits
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Finance Companies
Finance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
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Item 1.01. Entry into a Material Definitive Agreement.
On May 22, 2025, Encore Capital Group, Inc. (the “Company”) issued an additional commitment increase notice and entered into an amendment letter (the “Amendment Letter”) that amended and supplemented its existing global senior secured revolving credit facility agreement originally dated September 20, 2012 (the “Global Senior Facility”) by and among the Company, the several guarantors, banks and other financial institutions and lenders from time to time party thereto and Truist Bank as Agent and Security Agent to, among other things, (1) reflect a $190 million upsize of the facility from $1,295 million to $1,485 million and (2) extend the termination date of the facility from September 2028 to September 2029 except for a $69.5 million tranche that will continue to terminate in September 2028.
A copy of the Amendment Letter is attached hereto as Exhibit 10.1 and is incorporated herein by reference (and the foregoing description is qualified in its entirety by reference to such document).
Item 9.01. Financial Statements and Exhibits.
Exhibit Number | Description | ||||
Amendment Letter, dated May 22, 2025, to the Amended and Restated Senior Facilities Agreement, dated October 17, 2024, by and among Encore Capital Group, Inc., the several guarantors, banks and other financial institutions and lenders from time to time party thereto and Truist Bank as Agent and Security Agent | |||||
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ENCORE CAPITAL GROUP, INC. | ||||||||
Date: | May 22, 2025 | /s/ Tomas Hernanz | ||||||
Tomas Hernanz | ||||||||
Executive Vice President, Chief Financial Officer and Treasurer | ||||||||