2017 Press Releases

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11/16/17Cabot Credit Management Decides to Not Go Forward with Initial Public Offering
SAN DIEGO, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Encore Capital Group (NASDAQ:ECPG) today announced that its U.K.-based subsidiary Cabot Credit Management has decided to not go forward with its previously announced initial public offering as a result of unfavorable equity market conditions in the U.K. “Our fundamental view of Cabot as a clear leader in the European debt recovery market remains unchanged,” said Ashish Masih, Encore’s President and Chief Executive Officer. “Cabot is delivering st... 
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11/02/17Michael Monaco to Become Non-Executive Chairman of Encore Capital Group
SAN DIEGO, Nov. 02, 2017 (GLOBE NEWSWIRE) -- Encore Capital Group (NASDAQ:ECPG) today announced that Willem Mesdag has resigned from its Board of Directors effective November 1, 2017. Mr. Mesdag had served on the Board since May 2007 and as the Company’s non-executive Chairman since February 2014. With the announcement of Mr. Mesdag’s departure, the Board unanimously elected Michael Monaco, a current independent director, as Chairman. “This is an exciting time for Encore’s business, and I a... 
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11/02/17Encore Capital Group Announces Third Quarter 2017 Financial Results
Improved global collections and favorable U.S. market conditions drive higher returns Estimated Remaining Collections of $6.6 billion establishes new all-time high SAN DIEGO, Nov. 02, 2017 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ:ECPG), an international specialty finance company providing debt recovery solutions for consumers across a broad range of assets, today reported consolidated financial results for the third quarter ended September 30, 2017. “The third quarter fo... 
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10/20/17Encore Capital Group to Announce Third Quarter 2017 Financial Results on November 2
SAN DIEGO, Oct. 20, 2017 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the third quarter of 2017 on Thursday, November 2, 2017, after the market closes. The Company will also host a conference call and slide presentation the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time with Ashish Masih, President and Chief Executive Officer, Jonathan Clark, Executive Vice Presid... 
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08/24/17Encore Capital Group Announces Expansion in the U.K. through Acquisition of Wescot by Cabot Credit Management
Acquisition to Further Strengthen Encore Leadership in U.K. Market SAN DIEGO, Aug. 24, 2017 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Encore) an international specialty finance company (NASDAQ:ECPG), today announced that its subsidiary, U.K.-based Cabot Credit Management (Cabot), has entered into an agreement to acquire Wescot Credit Services Limited, a leading U.K. contingency debt collection and business process outsourcing (BPO) services company. Encore acquired a controlling stake i... 
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08/03/17Encore Capital Group Announces Second Quarter 2017 Financial Results
Improved global collections and favorable U.S. market conditions drive higher returns Estimated Remaining Collections of $6.3 billion establishes new all-time high SAN DIEGO, Aug. 03, 2017 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ:ECPG), an international specialty finance company providing debt recovery solutions for consumers across a broad range of assets, today reported consolidated financial results for the second quarter ended June 30, 2017. “The second quarter for Enc... 
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07/27/17Encore Capital Group to Announce Second Quarter 2017 Financial Results on August 3
SAN DIEGO, July 27, 2017 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the second quarter of 2017 on Thursday, August 3, 2017, after the market closes. The Company will also host a conference call and slide presentation the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time with Ashish Masih, President and Chief Executive Officer, Jonathan Clark, Executive Vice Preside... 
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06/09/17Encore Capital Group to Present and Meet with Investors at the William Blair Growth Stock Conference
SAN DIEGO, June 09, 2017 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company providing debt recovery solutions for consumers, announced today that Ashish Masih, President of Encore’s Midland Credit Management subsidiary and soon-to-be President and Chief Executive Officer of Encore, Paul Grinberg, International Group Executive and soon-to-be President, International, Jonathan Clark, Executive Vice President and Chief Financial Officer, and B... 
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06/06/17Encore Capital Group Launches Financial Literacy Program for Students
Program allows employee volunteers to provide financial basics to high school and college students SAN DIEGO, June 06, 2017 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ:ECPG), an international specialty finance company, announced its financial literacy program, Money Matters. This initiative, part of Encore’s Corporate Social Responsibility program, promotes financial literacy in schools by having employee volunteers teach high school and college students credit and financial basics... 
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05/16/17Encore Subsidiary Midland Funding Prevails in U.S. Supreme Court Decision
High Court reverses Eleventh Circuit ruling in Midland Funding, LLC v. Johnson SAN DIEGO, May 16, 2017 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ:ECPG), an international specialty finance company, today announced that its subsidiary Midland Funding prevailed in the case Midland Funding, LLC v. Johnson, which was before the Supreme Court of the United States. The high court reversed the U.S. Court of Appeals for the Eleventh Circuit, holding that the filing of an accurate proof of ... 
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05/04/17Ashish Masih to Become President and CEO of Encore Capital Group
SAN DIEGO, May 04, 2017 (GLOBE NEWSWIRE) -- Encore Capital Group (NASDAQ:ECPG) today announced that President and Chief Executive Officer (CEO) Ken Vecchione will be leaving the company to become the President of Western Alliance Bancorporation. Following Encore’s long-established succession plan, Ashish Masih will become Encore’s President and CEO, which follows his recent appointment as President of the company’s subsidiary Midland Credit Management. Mr. Vecchione will remain in his role at ... 
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05/04/17Encore Capital Group Announces First Quarter 2017 Financial Results
Improved pricing and supply in the U.S. market driving better returns Higher purchase price multiples reflect more efficient capital deployment SAN DIEGO, May 04, 2017 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ:ECPG), an international specialty finance company providing debt recovery solutions for consumers across a broad range of assets, today reported consolidated financial results for the first quarter ended March 31, 2017. “The U.S. market for charged off receivables con... 
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04/25/17Encore Capital Group to Announce First Quarter 2017 Financial Results on May 4
SAN DIEGO, April 25, 2017 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the first quarter of 2017 on Thursday, May 4, 2017, after the market closes. The Company will also host a conference call and slide presentation the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time with Kenneth A. Vecchione, President and Chief Executive Officer, Jonathan Clark, Executive Vice Pr... 
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04/21/17Encore Capital Group Teams Up Again With Habitat for Humanity
A $41k donation, 300 volunteers, 1,500 volunteers hours in 11 global locations SAN DIEGO, April 21, 2017 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ:ECPG), an international specialty finance company, today announced it will hold its fifth annual Global Volunteer Day on Saturday April 22, in San Diego, CA, Phoenix, AZ, San Antonio, TX and St. Cloud, MN and five other locations (*see below) bringing together 300 employees who will give up their Saturday to give back to their communit... 
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02/28/17Encore Capital Group, Inc. Prices Private Placement of Convertible Senior Notes
SAN DIEGO, Feb. 28, 2017 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ:ECPG) (the “Company”) today upsized and priced $150,000,000 aggregate principal amount of 3.25% convertible senior notes due 2022 (the “notes”) to be sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).  The notes will be the Company's senior unsecured obligations, and will be fully and unconditionally guaranteed on a senior unsecured basi... 
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02/27/17Encore Capital Group, Inc. Announces Private Placement of Convertible Senior Notes
SAN DIEGO, Feb. 27, 2017 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ:ECPG) (the “Company”) today announced that it intends to offer, subject to market and other conditions, $125,000,000 aggregate principal amount of convertible senior notes due 2022 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).  The notes will be the Company's senior unsecured obligations, and will be ... 
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02/23/17Encore Capital Group Announces Fourth Quarter and Full-Year 2016 Financial Results
Fourth quarter deployments of $210 million worldwide included $148 million in the U.S. Estimated Remaining Collections increased to $5.8 billion Encore and J.C. Flowers exploring a potential Cabot IPO SAN DIEGO, Feb. 23, 2017 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ:ECPG), an international specialty finance company, today reported consolidated financial results for the fourth quarter and full year ended December 31, 2016. “Encore continued to see the favorable tr... 
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02/15/17Encore Capital Group Achieves Prestigious International Standards Organization Certification
Strengthens In-House Consumer Protection with ISO 27001:2013 Award SAN DIEGO, Feb. 15, 2017 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ:ECPG), an international specialty finance company, today announced it has become ISO 27001:2013 certified as part of its continued efforts to protect consumer information. To demonstrate this commitment, Encore underwent formal certification of its Information Security Management System (“ISMS") by an independent third party registrar and met all r... 
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02/14/17Encore Capital Group to Announce Fourth Quarter 2016 Financial Results on February 23
SAN DIEGO, Feb. 14, 2017 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the fourth quarter of 2016 on Thursday, February 23, 2017, after the market closes. The Company will also host a conference call and slide presentation the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time with Kenneth A. Vecchione, President and Chief Executive Officer, Jonathan Clark, Executive V... 
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01/30/17Encore Capital Group to Speak at DBA International 20th Anniversary Conference
Encore to Contribute to Two Panels on ‘Navigating Debt Buying in a Regulation by Enforcement Environment’ and the ‘Chief Compliance Officer Forum’ SAN DIEGO, Jan. 30, 2017 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ:ECPG), an international specialty finance company, announced that Vice President and Chief Compliance Officer Doris Hektor and Division General Counsel of Atlantic Credit & Finance, Inc., Kevin Bowens, will join the DBA International 20th Anniversary conference to be he... 
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01/10/17UPDATE – Encore Capital Group Enhances Credit Reporting Policy to Help Consumers
New solution will help consumers move forward after repaying their debts SAN DIEGO, Jan. 10, 2017 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ:ECPG), an international specialty finance company, today announced it has enhanced its credit reporting policy for collections tradelines, dramatically shortening the time certain negative information remains on a consumer’s credit report. Now, after only two years, rather than the current industry-standard seven-year period, all of Encore’s ... 
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01/10/17Encore Capital Group Enhances Credit Reporting Policy to Help Consumers
New solution will help consumers move forward after repaying their debts SAN DIEGO, Jan. 10, 2017 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ:ECPG), an international specialty finance company, today announced it has enhanced its credit reporting policy for collections tradelines, dramatically shortening the time certain negative information remains on a consumer’s credit report. Now, after only two years, rather than the current industry-standard seven-year period, all of Encore’s ... 
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