Encore Expands Lending Deal to $300 Million

Debt purchaser and collector Encore Capital Group (Nasdaq: ECPG) yesterday reported it had expanded the size of its lending agreement to $230 million with an additional $70 million in availability.

According to Encore’s filing with the U.S. Securities and Exchange Commission, its amended lending agreement now covers the following:

JPMorgan Chase with $47.5 million available,
Bank of America $42.5 million,
Bank of Scotland $35 million,
California Bank and Trust $30 million,
Guaranty Bank $20 million,
First Bank $20 million,
Citibank $15 million,
Bank Leumi $12.5 million,
Manufacturers Bank $7.5 million

Chase also acts as the administrative agent of the lending agreement.