Item 1.01 Entry into a Material Definitive Agreement. On February 18, 2020, Cabot Securitisation UK Limited ("Cabot Securitisation"), an indirect subsidiary of Encore Capital Group, Inc., amended and restated its senior facility agreement originally entered into on August 23, 2017 (the "Senior Facility Agreement"), between (amongst others) Cabot Securitisation, Cabot Financial (UK) Limited ("Cabot Financial"), HSBC Corporate Trust Company (UK) Limited as Security Trustee and Senior Agent and Goldman Sachs International Bank as Senior Lender. Cabot Securitisation and Cabot Financial are both indirect subsidiaries of Cabot Credit Management Limited (together with its subsidiaries, the "Cabot Group"). Pursuant to the amendment and restatement of the Senior Facility Agreement, the total commitment amount was increased by £50 million from £300 million to £350 million, the repayment date was extended from September 15, 2023 to March 15, 2025 and SONIA (sterling overnight index average) replaced LIBOR as the reference rate. The obligations of Cabot Securitisation under the Senior Facility Agreement are secured by first ranking security interests over all of Cabot Securitisation's property, assets and rights (including receivables purchased from Cabot Financial from time to time that meet certain eligibility criteria). Funds drawn under the Senior Facility Agreement bear interest at a rate per annum equal to SONIA plus a margin of 3.06% plus, for periods after March 15, 2023, a step-up margin ranging from zero to 1.00%. Cabot Securitisation has drawn down the additional £50 million and used the proceeds to purchase receivables from Cabot Securitisation (UK) II Limited ("Cabot Securitisation II"), another member of the Cabot Group, in order to effect the termination of a £50 million senior facility of Cabot Securitisation II.

A copy of the Senior Facility Agreement is attached as an exhibit to this report and is incorporated herein by reference (and the foregoing description is qualified in its entirety by reference to such document).




Item 9.01. Financial Statements and Exhibits.
Exhibit Number              Description
10.1                          Senior Facility Agreement, dated February 18, 2020, between Cabot
                            Securitisation UK Limited, Cabot Financial (UK) Limited, HSBC
                            Corporate Trustee Company (UK) Limited as Security Trustee, HSBC Bank
                            PLC as Senior Agent and Goldman Sachs International Bank as Senior
                            Lender
104                         Cover Page Interactive Data File (embedded within the Inline XBRL
                            document)

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