News

The latest on Europe’s leading credit management services group

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

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.

Conditional Notice of Redemption of Cabot Financial (Luxembourg) S.A.

06 June 2019

Conditional Notice of Redemption of Cabot Financial (Luxembourg) S.A.

Notice is hereby given in accordance with Sections 3.03 and 3.07 of the indenture dated as of March 27, 2014 (as amended through the date hereof, the “Indenture”), by, amongst others, Cabot Financial (Luxembourg) S.A., as the Issuer (the “Issuer”), Citibank, N.A., London Branch, as Trustee, Principal Paying Agent and Transfer Agent, Citigroup Global Markets Europe AG (formerly Citigroup Global Markets Deutschland AG), as Registrar and J.P. Morgan Europe Limited, as Security Agent, governing the Issuer’s 6.500% Senior Secured Notes due 2021 (the “Notes”). The terms not otherwise defined herein shall have the meanings given to them in the Indenture.

Conditional Notice of Redemption of Cabot Financial (Luxembourg) II S.A.

04 June 2019

Conditional Notice of Redemption of Cabot Financial (Luxembourg) II S.A.

Notice is hereby given in accordance with Sections 3.03 and 3.07 of the indenture dated as of November 11, 2015 (as amended through the date hereof, the “Indenture”), by, amongst others, Cabot Financial (Luxembourg) II S.A., as the Issuer (the “Issuer”), Citibank, N.A., London Branch, as Trustee, Principal Paying Agent and Transfer Agent, Citigroup Global Markets Europe AG (formerly Citigroup Global Markets Deutschland AG), as Registrar and J.P. Morgan Europe Limited, as Security Agent, governing the Issuer’s Senior Secured Floating Rate Notes due 2021 (the “Notes”). The terms not otherwise defined herein shall have the meanings given to them in the Indenture.

Cabot Credit Management Announces €310 Million Senior Secured Floating Rate Notes Offering

03 June 2019

Cabot Credit Management Announces €310 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 launched an offering for €310 million aggregate principal amount of Senior Secured Floating Notes due 2024 (the “Notes”) 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-US persons pursuant to Regulation S under the Securities Act of 1933, as amended (the “Offering”).

Cabot Credit Management wins awards for its handling of vulnerable customers and its professional legal firm

22 May 2019

Cabot Credit Management wins awards for its handling of vulnerable customers and its professional legal firm

Cabot Credit Management has won two awards at the Credit Awards 2019 – Best Vulnerable Customer Strategy – Provider - with Cabot Financial and - Law Firm of the Year - with Mortimer Clarke Solicitors.

Financial Results for three months ending 31 March 2019

09 May 2019

Financial Results for three months ending 31 March 2019

Cabot Credit Management continues to deliver a strong performance as market conditions improve

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The Cabot Credit Management Group incorporates: