Inactive Instrument

COLLECTION HSE

Equities

CLH

AU000000CLH1

Credit Corp Group Limited signed binding agreement to acquire Australian Purchased Debt Ledger from Collection House Limited for approximately AUD 180 million.

December 23, 2020

Credit Corp Group Limited (ASX:CCP) signed binding agreement to acquire Australian Purchased Debt Ledger from Collection House Limited (ASX:CLH) for approximately AUD 180 million on December 24, 2020. Under the agreement, Collection House Limited is also entitled to a maximum of AUD 15 million additional consideration from Credit Corp Group Limited, over an eight year period, dependent upon the future performance of the relevant Purchased Debt Ledger assets. Credit Corp Group Limited shall also provide loan of AUD 15 million to Collection House Limited.

The transaction will be fully funded using available cash without Credit Corp needing to draw on its presently unutilized AUD 375 million of funding lines. The total consideration is subject to adjustments. The transaction is expected to complete by December 31, 2020.

Latest news about COLLECTION HSE

Collection House Limited Announces Management Changes	22-11-08	CI
Credit Corp Group Limited completed the acquisition of Collection House Limited.	22-10-23	CI
Credit Corp Group Limited entered into a binding agreement to acquire Collection House Limited for AUD 11 million.	22-08-28	CI
Collection House's Sale, Recapitalization Process Starts	22-07-08	MT
Collection House Receives $1.2 Million from Completion of Debt Sale	22-05-25	MT
Credit Corp Group Completes $8.6 Million Acquisition of Collection House Group’s New Zealand Ledger Book	22-04-26	MT
Credit Corp Group Limited completed the acquisition of New Zealand Ledger Book from Collection House Limited for approximately AUD 12 million.	22-04-25	CI
Collection House Limited Reports Earnings Results for the Half Year Ended December 31, 2021	22-02-28	CI
Credit Corp Group Limited entered into a binding agreement to acquire New Zealand Ledger Book from Collection House Limited for approximately AUD 12 million.	22-02-22	CI
Collection House Limited Announce Retirement of Michael Knox as Non-Executive Director	21-11-22	CI
Collection House Limited Auditor Raises 'Going Concern' Doubt	21-08-26	CI
Collection House : Names New CFO	21-06-15	MT
Collection House Limited Announces Chief Financial Officer Changes	21-06-15	CI
Collection House : Narrows Loss in Six Months to December 2020 on Absence of Impairment	21-02-23	MT
Collection House Limited Reports Earnings Results for the Half Year Ended December 31, 2020	21-02-22	CI
Credit Corp Group Limited completed the acquisition of Australian Purchased Debt Ledger from Collection House Limited.	20-12-30	CI
Credit : Acquire Collection House's Australian Ledger Book	20-12-28	MT
Credit Corp Group Limited signed binding agreement to acquire Australian Purchased Debt Ledger from Collection House Limited for approximately AUD 180 million.	20-12-23	CI
Collection House Limited Auditor Raises 'Going Concern' Doubt	20-12-22	CI
Collection House Limited Announces Executive Changes	20-11-09	CI
Collection House Limited Reports Earnings Results for the Full Year Ended June 30, 2020	20-08-30	CI
Collection House Limited(ASX:CLH) dropped from S&P/ASX Emerging Companies Index	20-06-22	CI
Collection House Limited(ASX:CLH) dropped from S&P/ASX All Ordinaries Index	20-06-22	CI
Collection House Limited Withdraws Earnings Guidance for Financial Year 2020	20-06-02	CI
Collection House Limited Expects Earnings in the Second Half of Fy20 to Be Down on the Previous Corresponding Period	20-06-02	CI

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Company Profile

Collection House Limited is a receivables management company. The Company has developed customer service capabilities and deliver systems that enables it to provide practical, customer focused solutions in collections, credit management and customer care. It provides debt collection and receivables management services from offices in Australia, New Zealand, and the Philippines. It offers a range of services, including receivables and arrangement book management, business process outsourcing, hardship management, learning and development, legal and insolvency services, and quality compliance and evaluation. It has two segments: Collection Services and Purchased Debt Ledgers (PDLs). The Collection Services segment includes the collection of debts and provide customer service and hardship assistance on behalf of clients, such as banks, public utilities, and government agencies. The PDLs segment includes the collection of debts from client ledgers acquired by the Company.

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