On December 27, 2013, Propel Financial Services, LLC and wholly owned subsidiary of Encore Capital Group, Inc., entered into Amendment No. 2 to the Credit Facility Loan Agreement dated as of May 8, 2012, as amended by and among Propel, the financial institutions listed on the signature pages to the Amendment, and Texas Capital Bank, National Association as administrative agent under the Loan Agreement. The Loan Agreement provided for a syndicated loan facility of $160 million and an accordion feature allowing Propel to request an increase to the facility of $40.0 million.

The Amendment exercises the existing accordion feature, increasing the syndicated loan facility from $160 million to $200 million, and amends certain other provisions.