Baker McKenzie has advised the initial purchasers Morgan Stanley, DNB Markets, ING, Citizens Capital Markets, Fifth Third Securities, HSBC, MUFG, Truist Securities, UBS Investment Bank and Zions Capital Markets in connection with the issuance by Encore Capital Group, Inc. (NASDAQ: ECPG) of €100 million aggregate principal amount of senior secured floating rate notes due 2028. The notes were issued as “additional notes” under an existing indenture and will be fungible with the outstanding notes previously issued under the same indenture.

Encore intends to use the proceeds from this offering to repay drawings under its revolving credit facility, and to pay certain transaction fees and expenses incurred in connection with the offering of the notes.
Baker McKenzie Capital Markets Partner Rob Mathews said: "We are pleased to have represented the initial purchasers and agents on yet another high profile transaction for the Encore Group."
The bond offering closed on October 16, 2023.
The Baker McKenzie team was led by London based partners Rob Mathews, Ben Bierwirth and Nick O’Grady, and included Laurent Fessmann (Luxembourg), Kai Kramer (Houston) and Ross Staine (Houston), senior associates Elaine Baynham (London), Lana Ahern (London) and Alexis Bouvet (Luxembourg), and associates Fani Chlampoutaki (London), Henry Gee (London), Corina Morosanu
(Luxembourg) and Aline Koenig (Luxembourg). Partner Adam Farlow and counsel Charles Farnsworth (each London) represented Citibank, N.A., London Branch, who acted as trustee of the Notes, and Truist Bank who acted as the security agent.
Explore Our Newsroom