Encore Capital Group Inc. (NASDAQ: ECPG) priced an offering of $750 million aggregate principal amount of 6.625% senior secured notes due 2032, the company announced. The offering was increased from an initially planned $550 million.

The notes were priced at 100% of par value in a private placement to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S. Interest will be paid semi-annually on June 1 and December 1, beginning December 1, 2026.

The notes will be senior secured obligations guaranteed by substantially all material subsidiaries of Encore Capital. The obligations will be secured by substantially all assets of the company and guarantors, alongside other senior secured debt.

Encore Capital plans to use proceeds from the offering, along with drawings from its revolving credit facility, to redeem $500 million of outstanding 9.250% senior secured notes due 2029 and €200 million of its €415 million outstanding senior secured floating rate notes due 2028. The company will also pay associated premiums, accrued interest, fees and expenses.

The debt offering does not affect the company's fiscal year 2026 guidance provided on May 6, 2026, according to the announcement.

The notes have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States without registration or applicable exemption. The company stated it continuously considers additional financings in different currencies with fixed or floating rates to fund operations and refinance existing debt.