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Encore Capital Group increases loan facilities

Encore Capital Group Inc. has amended a credit agreement to increase its credit and term loan facilities.

The company's revolving credit facility was increased to $781.7 million from $742.6 million, and its term loan facility was increased to $166.4 million from $158.8 million. The agreement still includes an accordion feature that allows Encore Capital to increase its senior secured credit facilities by an additional $250.0 million. Including that amount, the total that can be borrowed under the agreement is about $1.2 billion.