News

The latest on Europe’s leading credit management services group

Cabot Credit Management delivers strong performance and continued growth as Encore takes the helm

09 August 2018

Cabot Credit Management delivers strong performance and continued growth as Encore takes the helm

Cabot Credit Management (Cabot), a market leader in European credit management services, today announced the financial results for the six months ending 30th June 2018.

Cabot Financial (LUXEMBOURG) S.A. announces results with regard to its exchange offer

13 July 2018

Cabot Financial (LUXEMBOURG) S.A. announces results with regard to its exchange offer

Cabot Financial (Luxembourg) S.A. (the Issuer) hereby announces indicative results of its invitation launched on July 5, 2018 to holders of its outstanding £100,000,000 8.375% Senior Secured Notes due 2020 (ISIN: XS0954675558) (the Existing Cabot 2020 Notes) and of its £175,000,000 6.500% Senior Secured Notes due 2021 (ISIN: XS0954675558) (the Existing Cabot 2021 Notes, and, together with the Existing Cabot 2020 Notes, the Existing Notes) to offer any and all of their Existing Notes for Senior Secured Notes due 2023 (the Exchange Notes) to be issued by the Issuer (the Exchange Offer).

Cabot Financial (LUXEMBOURG) S.A. announces expected new issue price

11 July 2018

Cabot Financial (LUXEMBOURG) S.A. announces expected new issue price

In connection with its previously announced exchange offer and consent solicitation, Cabot Financial (Luxembourg) S.A. (the Issuer) announces that it expects the New Issue Price to be 99.0%, and expects the amount of Exchange Notes and Additional Notes to be issued on the Settlement Date to equal or exceed the Minimum New Issue Amount of £150,000,000.

Cabot Financial (LUXEMBOURG) S.A. announces exchange offer and consent solicitation

05 July 2018

Cabot Financial (LUXEMBOURG) S.A. announces exchange offer and consent solicitation

Cabot Financial (Luxembourg) S.A. (the Issuer) announces that it is inviting Qualifying Noteholders of its outstanding £100,000,000 8.375% Senior Secured Notes due 2020 (ISIN: XS0954675558) (the Existing Cabot 2020 Notes) and of its £175,000,000 6.500% Senior Secured Notes due 2021 (ISIN: XS0954675558) (the Existing Cabot 2021 Notes, and, together with the Existing Cabot 2020 Notes, the Existing Notes) to exchange their Existing Notes for Senior Secured Notes due 2023 (the Exchange Notes) to be issued by the Issuer (the Exchange Offer).

Cabot Credit Management delivers strong performance as Encore announces Cabot is to become a wholly owned subsidiary

09 May 2018

Cabot Credit Management delivers strong performance as Encore announces Cabot is to become a wholly owned subsidiary

Ken Stannard, Chief Executive Officer, Cabot Credit Management, said: "Cabot Credit Management has again delivered another excellent first quarter performance with Debt Purchase Collections and Servicing performing strongly. Helped by continued strong performance from Wescot, servicing revenue grew by an impressive 196% versus the same quarter last year and is becoming an increasingly important source of revenue. This growth was underpinned by continued discipline in capital deployment, with an additional £50 million deployed in the past quarter helping raise our 120 month ERC by 11% to £2.4bn compared to Q1 ’17."

Cabot Credit Management expands its UK and European operations and delivers record results with continued profitable growth

22 February 2018

Cabot Credit Management expands its UK and European operations and delivers record results with continued profitable growth

Cabot Credit Management (Cabot), a market leader in European credit management services, today announced the financial results for the twelve months ending December 2017.

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The Cabot Credit Management Group incorporates: