Encore subsidiaries conform note provisions to those of 6½% notes

By Angela McDaniels

Tacoma, Wash., May 20 - Two subsidiaries of Encore Capital Group, Inc. received noteholder consent to amend the indentures governing their notes, according to an 8-K filing with the Securities and Exchange Commission.

The notes affected are Cabot Financial (Luxembourg) SA's 10 3/8% senior secured notes due 2019 and 8 3/8% senior secured notes due 2020 and Marlin Intermediate Holdings plc's 10½% senior secured notes due 2020.

The subsidiaries entered into supplemental indentures on May 19 that conform some provisions of their notes to the corresponding provisions of the indenture governing Cabot's £175 million of 6½% senior secured notes due 2021, which were issued March 27.

Encore is a San Diego-based consumer accounts receivable management firm.

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