The latest on Europe’s leading credit management services group
11 July 2018
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.
05 July 2018
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).
09 May 2018
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."
22 February 2018
Cabot Credit Management (Cabot), a market leader in European credit management services, today announced the financial results for the twelve months ending December 2017.
16 November 2017
Cabot Credit Management (Cabot), the UK’s leading credit management services provider, announces that it will not be proceeding with an initial public offering on the London Stock Exchange.
14 November 2017
Cabot Credit Management plc (Cabot), one of the largest credit management services providers in Europe and the market leader in the UK and Ireland, has now completed the acquisition of Wescot Credit Services Limited (Wescot), a leading UK contingency debt collection and business process outsourcing (BPO) services business, which secured a major outsourcing contract last week.