News

The latest on Europe’s leading credit management services group

24 June 2019

Cabot Credit Management continues to enhance its high standards of customer service with a new professional training programme

Cabot Credit Management has enhanced its already high standard of customer service by launching a new professional Institute of Customer Service (ICS) training programme for its employees.

14 June 2019

Cabot Financial (Luxembourg) II S.A. announces the completion of its conditional redemption

June 14, 2019 — Cabot Financial (Luxembourg) II S.A. (the “Issuer”) announces today the completion of its conditional redemption (the “Redemption”) of its outstanding €310,000,000 Senior Secured Floating Rate Notes due 2021 (the “Notes”). The Redemption was made upon the terms and conditions of the conditional notice of redemption dated as of June 4, 2019 (the “Redemption Notice”). The Redemption was subject to the terms and conditions set forth in the Redemption Notice, including financing conditions and applicable law. Capitalized terms used and not otherwise defined in this announcement have the meanings ascribed to them in the Redemption Notice.

14 June 2019

Cabot Credit Management announces closing of €400 million Senior Secured Floating Rate Notes Offering

Cabot Credit Management Limited (“CCM”) announced today that its 100% indirectly owned subsidiary Cabot Financial (Luxembourg) II S.A. (the “Issuer”) has closed an offering for €400 million aggregate principal amount of Senior Secured Floating Rate Notes due 2024

12 June 2019

Cabot Credit Management Strengthens its Awareness of Domestic and Economic Abuse

Cabot Credit Management, one of the largest credit management service providers in Europe, is working closely with The Domestic and Economic Abuse Project (DEAP) set up by Money Advice Plus and Surviving Economic Abuse charities, to strengthen its understanding of its customers who are victims of domestic and economic abuse.

Vulnerability Matters - podcast for Money Advice Trust

07 June 2019

Vulnerability Matters - podcast for Money Advice Trust

Emma Bantges, Cabot Customer Operation Enhancement Manager and Group Vulnerable Champion, recently took part in a Vulnerability Matters podcast for Money Advice Trust.

06 June 2019

Cabot Credit Management Announces Pricing of €400 Million Senior Secured Notes Offering

West Malling, Kent—Cabot Credit Management Limited (“CCM”) announced today that its 100% indirectly owned subsidiary Cabot Financial (Luxembourg) II S.A. (the “Issuer”) had priced an offering of €400.0 million aggregate principal amount of Senior Secured Floating Rate Notes due 2024 (the “Notes”) with a coupon of 6.375% plus three-month EURIBOR (subject to a 0% floor), reset quarterly, in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States to certain non-U.S. persons pursuant to Regulation S under the Securities Act of 1933, as amended (the “Offering”). The gross proceeds of the Offering will be €400.0 million.