News

The latest on Europe’s leading credit management services group

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.

Cabot Credit Management Update on Intention on Float

16 November 2017

Cabot Credit Management Update on Intention on Float

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.

Cabot Credit Management plc Completes Acquisition of Wescot as it Secures a Major Outsourcing Contract

14 November 2017

Cabot Credit Management plc Completes Acquisition of Wescot as it Secures a Major Outsourcing Contract

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.

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The Cabot Credit Management Group incorporates: