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

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.

The gross proceeds of the Offering will be used, along with cash on hand, to redeem in full Cabot Financial (Luxembourg) S.A.’s £80 million senior secured notes due 2021 and pay accrued interest thereon, redeem in full the Issuer’s €310 senior secured floating rate notes due 2021 and pay premium and accrued interest thereon, and pay fees, expenses and commissions in relation to the offering of the Notes.