Encore Capital Group (ECPG) priced an upsized offering of 325 million euros ($380.5 million) in principal amount of senior secured floating rate notes due 2033, the company said late Wednesday.
The offering was upsized to 325 million euros from 300 million euros.
Encore Capital said it plans to use the proceeds for the redemption of 215 million euros of its 415 million euros outstanding senior secured floating rate notes due 2028, repay drawings under its revolving credit facility, as well as pay the offering's expenses.