2014 Press Releases

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12/04/14Encore Capital Group Announces Community College Scholarship Program
SAN DIEGO, Dec. 4, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today announced it is providing $124,000 in scholarships to students at 43 community colleges across the country, as part of its new national program, the Encore Capital Group Scholarship Fund. The program, Encore's largest philanthropic initiative to date, will provide 124 students with a $1,000 grant for tuition at select community colleges in 2015, in an ef... 
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11/06/14Encore Capital Group Announces Third Quarter 2014 Financial Results; Diversification Drives Record Quarter
- GAAP EPS increases 35% to record $1.11 - Non-GAAP Economic EPS increases 15% to record $1.17 - Estimated Remaining Collections increase to record $5.1 billion - Encore deploys $336 million worldwide, $174 million in core U.S. market - Encore completes Atlantic Credit & Finance servicing platform and portfolio acquisition SAN DIEGO, Nov. 6, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company providing debt recove... 
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11/05/14Encore Capital Group Supports Financial Literacy With Jump$tart Sponsorship
SAN DIEGO, Nov. 5, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today announced it has become a national partner of the Jump$tart Coalition for Personal Financial Literacy. The organization's mission is to educate and prepare US youth for life-long financial success through financial literacy education. "Jump$tart works to ensure that financial literacy is an ongoing part of children's education from early age through graduation,"... 
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10/29/14Atlantic Credit & Finance Raises $61,000 For Boys & Girls Clubs
ROANOKE, Va., Oct. 29, 2014 /PRNewswire/ -- Atlantic Credit & Finance, a subsidiary of Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today announced that it helped raise $61,000 for the Boys & Girls Clubs of Southwest Virginia.  For the ninth straight year, Atlantic sponsored the Skins Game Golf Tournament that was played at Ballyhack Golf Club in Roanoke, VA. Over that time, ACF has raised a total of $585,000 for the local Clubs. "We are extremely gra... 
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10/21/14Encore Capital Group to Announce Third Quarter 2014 Financial Results on November 6
Company Release - 10/21/2014 08:30  SAN DIEGO, Oct. 21, 2014 /PRNewswire/ -- 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 2014 on Thursday, November 6, 2014, 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 to discuss the reported results.Members of the public ... 
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10/17/14Propel Financial Services backs deeper cuts to closing costs on tax lien payment plans
Lower limits would help homeowners and the tax lien financing industry Company Release - 10/17/2014 14:01AUSTIN, Texas, Oct. 17, 2014 /PRNewswire/ -- Propel Financial Services President and CEO Jack Nelson said today, in conjunction with a public meeting in Austin, that state regulators' proposed reductions in closing costs for third-party property tax payment plans are a step in the right direction. But he urged them to adopt even steeper cuts in order to make the plans more affordable to ... 
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10/13/14Encore Capital Group Announces Appointment of Jonathan Clark as Chief Financial Officer of Midland Credit Management
-- Clark Expected to Succeed Paul Grinberg as Chief Financial Officer of Encore in early 2015-- Grinberg to Oversee European and Latin American operations and Corporate Development SAN DIEGO, Oct. 13, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), an international specialty finance company providing debt recovery solutions for consumers and property owners across a broad range of assets, today announced that former Sallie Mae Chief Financial Officer Jonathan... 
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09/17/14Propel Financial Services Urges 75% Lower Closing Cost Limits on Tax Lien Transfers
Lower fees will help more Texans resolve overdue property taxes Company Release - 09/17/2014 15:52AUSTIN, Texas, Sept. 17, 2014 /PRNewswire/ -- Propel Financial Services President and CEO Jack Nelson has told regulators in Austin that the state should modify existing rules to make it easier and even more affordable for Texans to pay their delinquent property tax bills using tax lien transfers.  Nelson recommends that the legal limits on closing fees for third-party property tax pa... 
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09/08/14Encore Capital Group to Present at the 5th Annual Credit Suisse Small & Mid Cap Conference
SAN DIEGO, Sept. 8, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company providing debt recovery solutions for consumers and property owners across a broad range of assets, announced today that Paul Grinberg, Encore's Executive Vice President and Chief Financial Officer, will be making a presentation to the investment community at the 5th Annual Credit Suisse Small & Mid Cap Conference to be held in New York, NY on Tuesday, Sep... 
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08/07/14Encore Capital Group Expands Credit Card Collections Capabilities through Purchase of Atlantic Credit & Finance
- Acquisition Strengthens Encore's Capabilities across the Account Lifecycle; Unites Two Companies Committed to Fair and Respectful Consumer Treatment - Company Release - 08/07/2014 16:01 SAN DIEGO, Aug. 7, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (Encore), a global specialty finance company (NASDAQ: ECPG), today announced that it has acquired Atlantic Credit & Finance (ACF), a leader in collecting fresh, higher-balance accounts, for approximately $70 million in cash. En... 
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08/07/14Encore Capital Group Announces Second Quarter 2014 Financial Results; Strong Collections Drive Record Quarter
- Encore deploys $328 million worldwide, $162 million in core U.S. market - Collections increase 47%, to record $409 million - Estimated Remaining Collections increase to record $4.9 billion - GAAP EPS increases 95% to record $0.86 - Non-GAAP Economic EPS increases 29% to record $1.10 - Encore acquires Atlantic Credit & Finance servicing platform and portfolio Company Release - 08/07/2014 16:01 SAN DIEGO, Aug. 7, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ... 
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08/07/14Financial Services Veteran Michael P. Monaco Joins Encore Capital Group's Board of Directors
Company Release - 08/07/2014 16:01 SAN DIEGO, Aug. 7, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today announced the appointment of Michael P. Monaco to its Board of Directors. Monaco, currently a senior managing director at CDG Group LLC and previously executive vice president and chief financial officer of the American Express Company, has an extensive background in finance, mergers and acquisitions, and the financia... 
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07/31/14Encore Capital Group to Meet with the Investment Community at the UBS US Mortgage Finance Conference
SAN DIEGO, July 31, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company providing debt recovery solutions for consumers and property owners across a broad range of assets, announced today that Paul Grinberg, Encore's Executive Vice President and Chief Financial Officer, will be meeting with members of the investment community at the UBS US Mortgage Finance Conference to be held in New York, NY, on Monday, August 11, 2014. Abou... 
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07/17/14Encore Capital Group to Announce Second Quarter 2014 Financial Results on August 7
SAN DIEGO, July 17, 2014 /PRNewswire/ -- 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 2014 on Thursday, August 7, 2014, 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 to discuss the reported results. Members of the public are invited to access the live webcas... 
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07/03/14Encore Capital Group Announces Commitment to Hire Veterans and their Spouses
SAN DIEGO, July 3, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), an international specialty finance company, has made a pledge to Hiring Our Heroes to increase the number of military veterans and spouses it hires in the United States. Hiring Our Heroes is a nationwide program that helps veterans and their spouses find meaningful employment. As part of its pledge, Encore will provide career development support at local job fairs specifically focused on veterans' employment,... 
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06/04/14Encore Capital Group to Present at the Morgan Stanley Financials Conference and the William Blair 34th Annual Growth Stock Conference
SAN DIEGO, June 4, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company providing debt recovery solutions for consumers and property owners across a broad range of assets, announced today that Ken Vecchione, its President and Chief Executive Officer, will be making a presentation to the investment community at the Morgan Stanley Financials Conference to be held in New York, NY on Tuesday, June 10, 2014 at 12:40pm Eastern time. ... 
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05/08/14Encore Capital Group Announces First Quarter 2014 Financial Results; Diversification and Expansion Progress Drives Record Quarter
-- Collections increase 47%, to record $397 million -- Estimated Remaining Collections increase to record $4.76 billion -- GAAP EPS increases 3% to $0.82 -- Non-GAAP Economic EPS increases 26% to record $1.08 -- Propel acquires nationwide tax lien portfolio and servicing platform -- Board of Directors approves $50 million share repurchase Company Release - 05/08/2014 16:01 SAN DIEGO, May 8, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international spe... 
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04/30/14Encore Capital Group Announces Pricing of Securitized Notes
SAN DIEGO, April 30, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), through its Propel Financial Services subsidiary, yesterday priced $134 million of Texas Tax Lien Collateralized Notes, Series 2014-1 (the "Notes") issued in connection with the securitization of a pool of liens for ad valorem property taxes in the State of Texas ("Texas Tax Liens"). The Notes will be offered and sold in a private placement to qualified institutional buyers in the United States in... 
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04/24/14Encore Capital Group to Announce First Quarter 2014 Financial Results on May 8
Company Release - 04/24/2014 17:37 SAN DIEGO, April 24, 2014 /PRNewswire/ -- 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 2014 on Thursday, May 8, 2014, 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 to discuss the reported results. Members of the public are i... 
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04/21/14Encore Announces Barbara J. Kennedy as Senior Vice President of Human Resources
SAN DIEGO, April 21, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), an international specialty finance company, announced today the appointment of Barbara J. Kennedy as senior vice president of Human Resources. Kennedy succeeds Steve Gonabe, who will be retiring in the third quarter of 2014. Kennedy will be responsible for human resources globally, including talent acquisition and management, employee relations, total rewards, and developing and implementing a wide ra... 
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04/10/14Encore Capital Group Appoints Bruce Thomas to New Investor Relations Role
SAN DIEGO, April 10, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), an international specialty finance company, announced today the appointment of Bruce Thomas to the newly created role of vice president, Investor Relations. Encore's creation of this new position reflects the strong growth and diversification of its business and a continued commitment to effectively communicating the company's strategy and financial results. In this role, Thomas will be responsible for ... 
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04/09/14Encore Capital Group Earns Certified Debt Buyer Designation from DBA International
- SVP Amy Anuk Also Elected Chair of DBA's Certification Council -  SAN DIEGO, April 9, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, announced that it has earned the designation of Certified Professional Receivables Company (CPRC) after completing the prescribed requirements of DBA International's rigorous Debt Buyer Certification Program. Additionally, DBA International has elected Encore's Senior Vice President of Business De... 
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04/01/14Encore Capital Group Closes Acquisition of Controlling Interest in Grove Capital Management
- Agreement Expands Encore's UK Footprint through New Asset Class - Company Release - 04/01/2014 16:15 SAN DIEGO, April 1, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (Encore), an international specialty finance company (NASDAQ: ECPG), today announced that it has closed its acquisition of a controlling stake in Grove Capital Management (Grove), a management company that purchases credit portfolios and has a focus on UK insolvencies and Spanish assets. The acquisition has rece... 
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03/07/14Encore Capital Group, Inc. Announces Upcoming Investor Day on June 5
SAN DIEGO, March 7, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company providing debt recovery solutions for consumers and property owners across a broad range of assets, announced today that it will host its eighth annual investor day on Thursday, June 5, 2014, in New York City, following the conclusion of business at its annual meeting of stockholders. Presentations by Encore's management team are scheduled to begin at approximately 10:00... 
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03/06/14Encore Capital Group, Inc. Prices Private Placement of Convertible Senior Notes
SAN DIEGO, March 6, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG) (the "Company") yesterday priced $140,000,000 aggregate principal amount of 2.875% convertible senior notes due 2021 (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 basis ... 
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03/05/14Encore Capital Group, Inc. Announces Private Placement of Convertible Senior Notes
SAN DIEGO, March 5, 2014 /PRNewswire/ -- 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 2021 (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 wil... 
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02/28/14Encore Capital Group to Present at the Raymond James 35th Annual Institutional Investors Conference
SAN DIEGO, Feb. 28, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, announced today that Paul Grinberg, its Executive Vice President and Chief Financial Officer, will be making a presentation to the investment community at the Raymond James 35th Annual Institutional Investors Conference to be held in Orlando, FL on Tuesday, March 4, 2014 at 7:30 a.m. Eastern Time. A webcast and copy of the presentation will be made available at the Comp... 
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02/25/14Encore Capital Group Takes Controlling Stake in Refinancia
- Acquisition Provides Platform for Latin American Expansion - Company Release - 02/25/2014 16:10 SAN DIEGO, Feb. 25, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (Encore), an international specialty finance company (NASDAQ: ECPG), today announced that it has taken a controlling stake in Refinancia, a leading debt purchaser in Colombia and Peru. Encore purchased 51 percent of the company in December 2013. Encore's acquisition of Refinancia establishes Encore's presence in ... 
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02/25/14Encore Capital Group Agrees to Acquire Controlling Interest in Grove Capital Management
- Transaction Expands Encore's UK Footprint through New Asset Class - Company Release - 02/25/2014 16:10 SAN DIEGO, Feb. 25, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (Encore), an international specialty finance company (NASDAQ: ECPG), today announced that it has entered into an agreement to take a controlling stake in Grove Capital Management (Grove), an investment group that purchases credit portfolios and has a focus on UK insolvencies and Spanish assets. The transaction, wh... 
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02/25/14Encore Capital Group Announces Fourth Quarter and Full Year 2013 Financial Results; Diversifies and Expands Global Footprint
- Full-Year Collections rise 35 percent to $1.3 Billion - GAAP EPS of $2.94 for 2013 - Adjusted EPS increased 23 percent to $3.86 for 2013 - Extends footprint to Latin America with 51 percent purchase in Refinancia - Agrees to acquire 68 percent of Grove Capital Management, a U.K purchaser and servicer of Individual Voluntary Arrangements (IVAs) - Core credit facility extended five years and expanded to $846 million in commitments - Completed convertible bond call spread, incre... 
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02/24/14Encore Introduces New Board Chair and Directors, Announces Senior Executive Promotions
- New Appointments Position Company for Continued Growth -  SAN DIEGO, Feb. 24, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), an international specialty finance company, announced today the appointment of Willem Mesdag as non-executive board chairman of the board and Laura Olle and Richard Srednicki as new directors. Additionally, the company announced the promotion of Ashish Masih, Jim Syran and Manu Rikhye to Executive Vice President positions. (Logo: http:/... 
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02/10/14Encore Capital Group Announces Expansion in U.K. through Purchase of Marlin Financial Services by Cabot Credit Management
- Acquisition Creates Market Leader in U.K.; Strengthens Encore's Growth Position - - Conference call scheduled for 9:00 a.m. Eastern - Company Release - 02/10/2014 04:00 SAN DIEGO, Feb. 10, 2014 /PRNewswire/ -- 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 acquired Marlin Financial Group (Marlin), a leader in the U.K. debt purchasing market, for a ... 
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02/10/14Encore Capital Group, Inc. to Announce Fourth Quarter and Full Year 2013 Results on February 25th
Company Release - 02/10/2014 16:05 SAN DIEGO, Feb. 10, 2014 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, announced today that it will release its financial results for the fourth quarter and full year of 2013 on Tuesday, February 25, 2014, 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 to discuss the reported results. Mem... 
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