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Bonds News

BRIEF-Encore Capital Group Inc - on August 23, unit entered into a senior facility agreement - SEC filing

Aug 28 (Reuters) - Encore Capital Group Inc

* Encore Capital Group Inc - on August 23, unit entered into a senior facility agreement - SEC filing

* Encore Capital Group Inc- unit entered deal for initial committed amount of £260 million with an uncommitted accordion feature of £90 million

* Encore Capital Group-senior facility agreement has initial availability periods ending September 2020, initial repayment dates ending September 2022

* Encore Capital Group-unit intends to initially draw down £260 million,portion of which to be used by Cabot group to redeem £150 million in senior secured notes due 2020 Source text: [bit.ly/2iDN31D] Further company coverage:

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