Welcome to our dedicated page for Encore Cap Group news (Ticker: ECPG), a resource for investors and traders seeking the latest updates and insights on Encore Cap Group stock.
Encore Capital Group, Inc. reports news around its international specialty finance business, which purchases portfolios of consumer receivables and manages debt recovery activity through subsidiaries in the United States, the United Kingdom, Europe, and other markets. Company updates commonly cover portfolio purchasing conditions, collections performance, earnings releases, conference-call schedules, and operating activity at MCM, its U.S. business.
Encore news also includes capital-structure actions tied to its debt-financed model, including senior secured notes, revolving credit facility repayments, redemptions of existing notes, and share repurchase activity. These announcements connect the company’s receivables-purchasing strategy with funding costs, leverage management, and recurring disclosures about consumer repayment operations.
Encore Capital Group (NASDAQ: ECPG) appointed Robert (Rob) Beck to its board of directors, effective immediately. Beck will serve on the Board’s Audit and Risk Committees. He brings over 30 years of experience leading complex financial services businesses, including as President and CEO of Regional Management Corporation and in senior leadership roles at Citigroup.
Encore Capital Group (NASDAQ:ECPG) reported second quarter 2026 results with global portfolio purchases of $443.8 million, up 21% year over year, including a record $372.3 million in the U.S. Global collections reached a record $736.9 million, up 13%, driving revenues of $491.9 million, an 11% increase.
GAAP net income was $64.0 million and diluted EPS was $2.81, up 13% and including roughly $1.00 per share of refinancing costs from a $1 billion debt refinancing that generated a $30.5 million loss on extinguishment but is expected to save about $15 million in annual interest expense. Adjusted EBITDA rose to $202.6 million from $164.2 million. Estimated Remaining Collections increased 9% to $10.18 billion. The company repurchased approximately $27 million of common stock in the quarter.
Based on a strong first half, Encore raised 2026 guidance, now expecting global collections of $2.80–$2.85 billion (8–10% growth), EPS of $13.00–$14.00 including the refinancing impact, and portfolio purchases of $1.4–$1.5 billion.
Encore Capital Group (Nasdaq: ECPG) has called for the redemption of all $230.0 million aggregate principal amount of its 4.00% Convertible Senior Notes due 2029. The company issued a redemption notice on July 22, 2026, setting September 24, 2026 as the redemption date.
The redemption price will be paid in cash at 100% of principal plus accrued and unpaid interest, or about $1,001 per $1,000 principal. Holders may convert their Notes up to 5:00 p.m. (New York City time) on September 22, 2026, after which unconverted Notes will be redeemed and canceled. During the make-whole conversion period, the conversion rate increases from 15.1763 to 16.2056 shares per $1,000 principal. Encore also expects to unwind and terminate related capped call transactions around the redemption date, with potential secondary-market sales by option counterparties that may affect the trading price of its common stock.
Encore Capital Group (Nasdaq:ECPG) will release its Q2 2026 financial results on Wednesday, August 5, 2026, after the market closes.
The company will host a conference call and slide presentation at 2:00 p.m. Pacific / 5:00 p.m. Eastern, with access via webcast and pre-registered telephone dial-in.
Encore Capital Group (Nasdaq:ECPG) priced an upsized offering of €325.0 million senior secured floating rate notes due 2033, increasing from €300.0 million. The notes pay three-month EURIBOR (0% floor) + 3.250%, reset and paid quarterly, and are secured by substantially all company and guarantor assets.
Encore plans to use proceeds to redeem €215.0 million of its €415.0 million 2028 floating notes, repay revolving credit facility drawings, and cover fees. Together with a previously priced $750.0 million 6.625% senior secured notes due 2032, the company expects to fully redeem its €415.0 million 2028 notes and $500.0 million 2029 notes, while keeping 2026 guidance unchanged.
Encore Capital Group (Nasdaq:ECPG) plans a private offering of €300 million senior secured floating rate notes due 2033 to qualified investors. The notes will be guaranteed and secured by substantially all material subsidiaries and assets.
Proceeds will help redeem existing 2028 notes, repay revolving credit facility drawings, and cover fees, alongside a separate $750 million 6.625% senior secured notes due 2032 issue used to refinance 2029 and additional 2028 notes.
Encore Capital Group (Nasdaq:ECPG) priced an upsized private offering of $750 million 6.625% senior secured notes due 2032 at 100.00% of face value. The notes are guaranteed and secured by substantially all material subsidiaries and assets.
Proceeds, plus revolver drawings, will redeem $500 million 9.250% notes due 2029, redeem €200 million of 2028 floating-rate notes, and pay related costs. The transaction does not change 2026 financial guidance.
Encore Capital Group (Nasdaq:ECPG) plans a private offering of $550 million senior secured notes due 2032 to qualified institutional buyers and certain non-U.S. investors.
The notes will be guaranteed by substantially all material subsidiaries and secured by substantially all assets.
Proceeds, plus revolving credit drawings, are intended to redeem $500 million 9.250% senior secured notes due 2029 in full, redeem €200 million of €415 million senior secured floating rate notes due 2028, and pay related fees and expenses.
Encore Capital Group (NASDAQ: ECPG) reported Q1 2026 results with portfolio purchases of $363M, record collections of $718M (up 19% YoY) and diluted EPS of $3.86 (up 100% YoY). Average receivable portfolios totaled $4.404B and ERC was $9.825B.
The company raised full‑year 2026 guidance to ~$2.8B in collections (up 8% YoY) and to $13.00 EPS (+19%); portfolio purchase guidance remains $1.4–$1.5B. Q1 share repurchases totaled $20M.
Encore Capital Group (Nasdaq:ECPG) will report first quarter 2026 financial results on May 6, 2026 after market close. A conference call and slide presentation will follow at 2:00 p.m. PT / 5:00 p.m. ET with CEO Ashish Masih and CFO Tomas Hernanz.
Members of the public can access a live webcast and a telephone replay; web and registration details are available on Encore's Investor Relations website. A replay will be posted shortly after the call.