Davis Polk advised the initial purchasers in connection with a Rule 144A offering by Encore Capital Group, Inc. of $100 million principal amount of 3.25% convertible senior notes due 2025.
Encore’s common stock is listed on the Nasdaq Global Select Market under the symbol “ECPG.”
Encore is an international specialty finance company that provides debt recovery solutions and other related services across a broad range of financial assets. Through its subsidiaries around the globe, Encore purchases or services portfolios of receivables from major banks, credit unions and utility providers.
The Davis Polk corporate team included partner Shane Tintle (picture) and associates Heita Miki and David Li. The equity derivatives team included partner John M. Brandow, counsel Justin Michael and associate Justin Lashley. The financial institutions team included partner John Banes and associate Tyler X. Senackerib. The tax team included partner Lucy W. Farr.
Involved fees earner: John Banes – Davis Polk & Wardwell; John Brandow – Davis Polk & Wardwell; Lucy Farr – Davis Polk & Wardwell; Justin Lashley – Davis Polk & Wardwell; David Li – Davis Polk & Wardwell; Justin Michael – Davis Polk & Wardwell; Heita Miki – Davis Polk & Wardwell; Tyler Senackerib – Davis Polk & Wardwell; Shane Tintle – Davis Polk & Wardwell;
Law Firms: Davis Polk & Wardwell;
Clients: Encore Capital LLP;