Summary：Encore Capital Group Redeems All 4% Convertible Notes, Boosting Investor Confidence SAN DIEGO, July

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Encore Capital Group Redeems All 4% Convertible Notes, Boosting Investor Confidence
SAN DIEGO, July 22, 2026 (GLOBE NEWSWIRE) – Encore Capital Group, Inc. (Nasdaq: ECPG), a global leader in specialty finance, announced today that it has issued a redemption notice for the entirety of its outstanding 4% convertible senior notes due 2028. The move, effective on the Redemption Notice Date of July 22, 2026, underscores the company’s commitment to strengthening its balance sheet and delivering value to shareholders.

**Key Developments**
Encore’s notice calls for the full redemption of the $250 million aggregate principal amount of the 4% convertible notes at a price of 100% of face value, plus accrued and unpaid interest. The company will fund the transaction using cash on hand and proceeds from its recent asset‑sale program, which generated roughly $180 million in liquidity. Management highlighted that the early retirement eliminates potential dilution from conversion and reduces annual interest expense by approximately $10 million. Following the announcement, Encore’s shares traded up 3.2% in after‑hours trading, reflecting investor approval of the deleveraging step.

**Industry Analysis**
The specialty finance sector has faced mounting pressure to improve credit metrics amid rising interest rates and tighter regulatory scrutiny. Analysts note that Encore’s proactive debt‑management strategy aligns with a broader trend