2013 Press Releases

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12/17/13Encore Capital Group Launches Global Corporate Social Responsibility Program
Efforts Will Focus on Economic Empowerment through Better Education, Job Training and Basic Support Services SAN DIEGO, Dec. 17, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), a leading provider of debt recovery solutions for consumers and property owners across a broad range of assets, has announced its new global philanthropic corporate social responsibility (CSR) program. The company's CSR efforts will focus on economic empowerment and helping consumers and communities that... 
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11/07/13Encore Capital Group Announces Third Quarter Financial Results
- Collections Rise 54% to $380 Million - GAAP EPS of $0.82 per Fully Diluted Share - Adjusted EPS a record $1.02 per Fully Diluted Share, After One-Time and Non-Cash Adjustments - Cabot Acquisition Closes and Contributes $0.17 to Encore's Results - AACC Integration Continues on Schedule Company Release - 11/07/2013 16:02 SAN DIEGO, Nov. 7, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), a leading global provider of debt recovery solutions for consumers and p... 
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10/24/13Encore Capital Group, Inc. to Announce Third Quarter 2013 Results on November 7th
Company Release - 10/24/2013 09:25 SAN DIEGO, Oct. 24, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), a leading consumer debt buying and recovery company, announced today that it will release its financial results for the third quarter of 2013 on Thursday, November 7, 2013, 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 o... 
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09/04/13Encore Capital Group to Present at Industry Conferences
SAN DIEGO, Sept. 4, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets, announced today that Paul Grinberg, its Executive Vice President and Chief Financial Officer, will be holding a group meeting with the investment community at the 4th Annual Credit Suisse Small/Mid Cap Conference on Tuesday, September 17, 2013 in New York, NY at 2:00 p.m. EDT. Additi... 
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08/08/13Encore Capital Group Announces Second Quarter Financial Results
- Collections Rise 16% to $278 Million - GAAP EPS of $0.44 per Fully Diluted Share - EPS of $0.85 per Fully Diluted Share After One-Time and Non-Cash Adjustments - Asset Acceptance Transaction Closes - Cabot Acquisition Accelerates Growth Trajectory and Solidifies Global Leadership Position Company Release - 08/08/2013 16:01 SAN DIEGO, Aug. 8, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), a leading provider of debt management and recovery solutions for consu... 
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07/23/13Encore Capital Group, Inc. Announces Private Placement of $22.5 Million Additional Convertible Senior Notes
SAN DIEGO, July 23, 2013 /PRNewswire/ -- On June 24, 2013, Encore Capital Group, Inc. (NASDAQ: ECPG) (the "Company") sold $150.0 million in aggregate principal amount of the Company's 3.00% Convertible Senior Notes due 2020 (the "Firm Notes") in a private placement transaction. The Firm Notes were issued pursuant to an Indenture, dated June 24, 2013, among the Company, Midland Credit Management, Inc., a wholly owned subsidiary of the Company, as guarantor, and Union Bank, N.A., as trustee. ... 
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07/22/13Encore Capital Group, Inc. to Announce Second Quarter 2013 Results on August 8th
SAN DIEGO, July 22, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), a leading consumer debt buying and recovery company, announced today that it will release its financial results for the second quarter of 2013 on Thursday, August 8, 2013, 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 web... 
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07/02/13Encore Capital Group Closes Acquisition of Controlling Stake in Cabot Credit Management
Market leaders unite to create a global leader in debt management and recovery Company Release - 07/02/2013 09:25 SAN DIEGO and WEST MALLING, England, July 2, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), a leading U.S. debt management and recovery company, announced today that it has closed its acquisition of 50.1% of the equity interest in Janus Holdings Luxembourg S.a.r.l. ("Janus Holdings"), an indirect holding company of U.K. and Ireland-based Cabot Credit Ma... 
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07/01/13Encore Capital Group Named One of India's "Best Companies to Work For"
Encore Ranked 14th in Top 100 Employer Survey by Great Place to Work Institute SAN DIEGO, July 1, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), a global leader in consumer debt buying and recovery, has been selected for the third straight year as one of "India's Best Companies to Work For" by the Great Place to Work Institute. Located outside of New Delhi, Encore's India facility ranked 14th out of more than 500 companies that participated in the 2013 survey. In a... 
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06/19/13Encore Capital Group, Inc. Prices Private Placement of Convertible Senior Notes
SAN DIEGO, June 19, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG) (the "Company") yesterday priced $150,000,000 aggregate principal amount of 3.00% convertible senior notes due 2020 (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 fully and unconditionally guaranteed on a senior unsecured basis by Midland Credit Management, Inc., a wholly owned subsidiary ... 
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06/17/13Encore Capital Group, Inc. Announces Private Placement of Convertible Senior Notes
SAN DIEGO, June 17, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG) (the "Company") today announced that it has commenced a private offering, subject to market and other conditions, of $110,000,000 aggregate principal amount of convertible senior notes due 2020 (the "notes").  The notes will be fully and unconditionally guaranteed on a senior unsecured basis by Midland Credit Management, Inc., a wholly owned subsidiary of the Company.  In connection with the offering, th... 
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06/13/13Encore Capital Group Closes Acquisition of Asset Acceptance
Deal enables the company to drive operational efficiencies and deliver greater shareholder value Company Release - 06/13/2013 14:01 SAN DIEGO, June 13, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG) announced today that it has closed its acquisition of Asset Acceptance Capital Corp. All operating subsidiaries of Asset Acceptance are now part of Encore Capital Group. Combined, Encore and Asset Acceptance have purchased over 60 million individual consumer accounts, i... 
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06/06/13Encore Capital Group to Present at the William Blair 33rd Annual Growth Stock Conference
SAN DIEGO, June 6, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets, announced today that Ken Vecchione, its President and Chief Executive Officer, and Paul Grinberg, its Executive Vice President and Chief Financial Officer, will be making a presentation to the investment community at the William Blair 33rd Annual Growth Stock Conference to b... 
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06/06/13Encore Capital Group to Present at the William Blair 33rd Annual Growth Stock Conference
SAN DIEGO, June 6, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets, announced today that Ken Vecchione, its President and Chief Executive Officer, and Paul Grinberg, its Executive Vice President and Chief Financial Officer, will be making a presentation to the investment community at the William Blair 33rd Annual Growth Stock Conference to b... 
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06/04/13Encore Capital Group Named to Barron's 400(SM) Index
Only 6 percent of all North American publicly listed companies are selected Company Release - 06/04/2013 08:30 SAN DIEGO, June 4, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG) today announced that the company has been named to the Barron's 400 for the fourth time since the index's inception in 1997. "Being named to the Barron's 400 is an incredible honor that highlights Encore's track record," said Encore's President and Chief Executive Officer Ken Vecchione. "We... 
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06/04/13Encore Capital Group Inc. [ECPG] to Ring the NASDAQ Stock Market Opening Bell
ADVISORY, June 4, 2013 (GLOBE NEWSWIRE) -- What: Encore Capital Group Inc. [ECPG], a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets, will visit the NASDAQ MarketSite in Times Square. In honor of the occasion, Ken Vecchione, President & CEO will ring the Opening Bell. Where: NASDAQ MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio When: Wednesday, June 5, 2013 – 9:15 a... 
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06/03/13Encore Capital Group, Inc. Announces Merger Closing Date and Sets Merger Consideration Election Deadline
Company Release - 06/03/2013 08:30 SAN DIEGO, June 3, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG) (the "Company") today announced that the closing date of the proposed merger of Pinnacle Sub, Inc., a wholly owned subsidiary of the Company, with and into Asset Acceptance Capital Corp. ("AACC"), with AACC surviving the merger as a wholly owned subsidiary of the Company, has been scheduled for June 13, 2013. In accordance with the Merger Agreement (defined below), t... 
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05/30/13Encore Capital Group Announces Agreement to Acquire Controlling Stake in Cabot Credit Management
- Acquisition Brings Together U.S., U.K. Market Leaders - - Conference call scheduled for 9:00 a.m. Eastern - Company Release - 05/30/2013 05:00 SAN DIEGO and WEST MALLING, England, May 30, 2013 /PRNewswire/ -- Encore Capital Group, Inc., a leading U.S. debt management and recovery company (NASDAQ: ECPG), today announced an agreement to purchase 50.1 percent of the equity interest in Cabot Credit Management (CCM), held by funds advised by J.C. Flowers & Co. LLC ("J.C. Flowe... 
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05/20/13Encore Capital Group Announces $100 Million Credit Facility for the Purchase of Tax Lien Certificates
Company Release - 05/20/2013 08:30 SAN DIEGO, May 20, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), through its subsidiaries (the "Company"), a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets, today reported the successful closing of a $100 million asset-backed credit facility (the "Facility") with Wells Fargo Bank, N.A. (the "Lender"). The Facility will be used to finance the acquisition ... 
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05/09/13Encore Capital Group Announces Record First Quarter 2013 Financial Results And Expanded Credit Facility
Earnings per share from continuing operations on a GAAP and Adjusted Basis increased 14% and 23%, respectively, to $0.80 and $0.86; Quarterly Gross Collections Increased 17% to $270.2 million Company Release - 05/09/2013 16:05 SAN DIEGO, May 9, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), a leader in consumer debt buying and recovery, today announced consolidated financial results for the first quarter ended March 31, 2013. "Encore delivered strong first qua... 
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05/08/13Encore Capital Group to Present at the JMP Securities 12th Annual Research Conference and the SunTrust Robinson Humphrey Financial Services Unconference
Company Release - 05/08/2013 16:05 SAN DIEGO, May 8, 2013 /PRNewswire/ -- – Encore Capital Group, Inc. (Nasdaq: ECPG), a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets, announced today that Ken Vecchione, its President, and Paul Grinberg, its Executive Vice President and Chief Financial Officer, will be making a presentation to the investment community at the JMP Securities Financial Services and Real Estate ... 
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04/29/13Encore Capital Group, Inc. Announces Upcoming Investor Day on June 5
Company Release - 04/29/2013 09:25 SAN DIEGO, April 29, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), a leader in consumer debt buying and recovery, announced today that it will host its seventh annual investor day on Wednesday, June 5, 2013, 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 a.m. Eastern Time and conclude by 11:45 a.m.... 
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04/26/13Encore Capital Group, Inc. to Announce First Quarter 2013 Results on May 9th
Company Release - 04/26/2013 09:25 SAN DIEGO, April 26, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), a leading consumer debt buying and recovery company, announced today that it will release its financial results for the first quarter of 2013 on Thursday, May 9, 2013, after the market closes. The Company will also host a conference call 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 l... 
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04/08/13Financial Services Veteran Ken Vecchione to Become President and CEO of Encore Capital Group
- Planned Transition to Take Place as Encore Drives Next Phase of Industry Maturity - Company Release - 04/08/2013 16:05 SAN DIEGO, April 8, 2013 /PRNewswire/ -- Encore Capital Group (Nasdaq: ECPG) today announced that its board of directors has elected Ken Vecchione, 58, to succeed Brandon Black as chief executive officer. To effect the transition, Vecchione will serve as president while Black will continue serving as chief executive officer up through May 31, 2013, after which... 
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03/06/13Encore Capital Group Announces Acquisition of Asset Acceptance
- Combination Will Lead to Greater Operational Efficiencies and Shareholder Value - - Conference call scheduled for 9:00 a.m. Eastern - Company Release - 03/06/2013 07:29 SAN DIEGO and WARREN, Mich., March 6, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG) and Asset Acceptance Capital Corp. (Nasdaq: AACC) today announced that Encore has entered into an agreement to acquire Asset Acceptance Capital Corp. Based in Warren, Michigan, Asset Acceptance has decades of ... 
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02/26/13Encore Capital Addresses Sixth Circuit Opinion
Company Release - 02/26/2013 12:51 SAN DIEGO, Feb. 26, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), through its subsidiaries (the "Company"), a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets, addressed today's Sixth Circuit court decision which remanded the class action settlement in Vassalle, et al. v. Midland Funding LLC, et al. back to the U.S. District Court in Ohio for further pr... 
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02/13/13Encore Capital Group Announces Fourth Quarter and Full Year 2012 Financial Results
Quarterly Net Income Increased 17% to $20.2 million; Quarterly Gross Collections Increased 24% to $230.5 million Company Release - 02/13/2013 16:05 SAN DIEGO, Feb. 13, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (Nasdaq: ECPG), through its subsidiaries (the "Company"), a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets, today reported consolidated financial results for the fourth quarter and full year en... 
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01/29/13Encore Capital Group, Inc. to Announce Fourth Quarter and Full Year 2012 Results on February 13th
Company Release - 01/29/2013 09:25 SAN DIEGO, Jan. 29, 2013 /PRNewswire/ -- Encore Capital Group, Inc. (NASDAQ: ECPG), a leading consumer debt buying and recovery company, announced today that it will release its financial results for the fourth quarter and full year of 2012 on Wednesday, February 13, 2013, after the market closes. The Company will also host a conference call the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time to discuss the reported results. Members of the pu... 
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