ENCORE CAPITAL GROUP, INC. (NASDAQ:ECPG) Files An 8-K Other Events
Item8.01
| Other Events. |
On February27, 2017, Encore Capital Group, Inc. issued a press
release announcing its intention to offer $125,000,000 aggregate
principal amount of convertible senior notes due 2022 in a
private offering that is exempt from the registration
requirements of the Securities Act of 1933, as amended. A copy of
the press release is attached as Exhibit 99.1 and incorporated
herein by reference.
| Item9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
|
Exhibit Number |
Description |
|
| 99.1 | Press release dated February 27, 2017. |
About ENCORE CAPITAL GROUP, INC. (NASDAQ:ECPG)
Encore Capital Group, Inc., through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through two segments: Portfolio Purchasing and Recovery, and Tax Lien Business. Its portfolio purchasing and recovery segment purchases portfolios of defaulted consumer receivables at discounts and manages them by partnering with individuals as they repay their obligations and work toward financial recovery. Defaulted receivables are consumers’ unpaid financial commitments to credit originators, including banks, credit unions, consumer finance companies, commercial retailers, and telecommunication companies. Defaulted receivables also include receivables subject to bankruptcy proceedings. In addition, the Company assists property owners delinquenting on their property taxes by structuring monthly payment plans and purchases delinquent tax liens directly from taxing authorities. ENCORE CAPITAL GROUP, INC. (NASDAQ:ECPG) Recent Trading Information
ENCORE CAPITAL GROUP, INC. (NASDAQ:ECPG) closed its last trading session 00.00 at 35.15 with 729,896 shares trading hands.