NCO Group Announces Early Results for the Tender Offers and Consent Solicitations

NCO Group, Inc. (“NCO” or the “Company”), a leading provider of business process outsourcing services, announced today the successful early tender results of its previously announced two cash tender offers (each, a “Tender Offer,” and, together, the “Tender Offers”) and consent solicitations (each a “Consent Solicitation” and, together, the “Consent Solicitations,” and together with the Tender Offers, the “Offers”) for any and all of its $200,000,000 aggregate principal amount of 11.875% Senior Subordinated Notes due 2014 (CUSIP No. 65338LAA7) (the “2014 Notes”) and $165,000,000 aggregate principal amount of Floating Rate Senior Notes due 2013 (CUSIP No. 65338LAB5) (the “2013 Notes,” and, together with the “2014 Notes,” the “Notes”).  The Offers are described in the Offer to Purchase and Consent Solicitation Statement dated March 14, 2012 (the “Offer to Purchase”).  The table below sets forth the results of the Offers as of 5:00 p.m., New York City time, on March 27, 2012 (the “Consent Deadline”).

Based on the Notes tendered and consents delivered as of the Consent Deadline, the proposed amendments to the indentures governing the Notes have been approved, as the consent of the holders of at least a majority in aggregate principal amount of such series of Notes (the “Minimum Consents Condition”) have been received.  The primary purpose of the Consent Solicitations and the proposed amendments to the indentures governing the Notes is to eliminate substantially all of the restrictive covenants and certain events of default and related provisions contained in the indentures governing the Notes.  Adoption of the proposed amendments could have adverse consequences upon non-tendering holders of the Notes because Notes that remain outstanding after consummation of the applicable Offer will not be entitled to the benefits of the restrictive covenants or event of default and related provisions that are eliminated by the adoption of such amendments.

Each Offer will expire at 12:01 a.m., New York City time, on April 11, 2012 unless extended (the “Expiration Date”).  Holders who do not wish to retain the Notes that will not have the benefit of the restrictive covenants and certain events of default and related provisions contained in the indentures governing the Notes may tender their Notes prior to the Expiration Date.

As the Minimum Consents Condition has been satisfied, Notes tendered and consents delivered may not be withdrawn.  Holders who validly tender their Notes after the Consent Deadline, but on or prior to the Expiration Date, shall receive $1,025.94 per $1,000 principal amount of the 2014 Notes and $992.50 per $1,000 principal amount of the 2013 Notes, plus, in each case, any accrued and unpaid interest on the Notes up to, but not including, the payment date for such Notes.  Holders of Notes tendered after the Consent Deadline will not receive a consent payment.

As the Minimum Consents Condition has been satisfied, the Company announced that it intends to execute the eighth supplemental indentures, which will amend the indentures governing the Notes.  The proposed amendments to the indentures governing the Notes will become effective only if the Company accepts for purchase and pays for all the Notes tendered.

The Company has engaged Barclays Capital Inc. as Dealer Manager and Solicitation Agent for the Offer.  Persons with questions regarding the Offer should contact Barclays Capital Inc. at (212) 528-7581 (Call Collect) or (800) 438-3242 (Toll Free).  The complete terms and conditions of the Offers are described in the Offer to Purchase. The Company reserves the right to amend the terms of the Offers or extend the Expiration Date, in its sole discretion, at any time. Requests for copies of the Offer to Purchase or other tender offer materials may be directed to D.F. King & Company, Inc., the Tender Agent and Information Agent, at (800) 714-3313.

This press release does not constitute an offer to purchase the Notes or a solicitation of consents to amend the related indentures.  The Offers are made solely pursuant to the Offer to Purchase.  The Offers are not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.

About NCO Group, Inc.
NCO Group, Inc. is a leading global provider of business process outsourcing services, primarily focused on accounts receivable management and customer relationship management. NCO provides services through over 100 offices throughout North America, Asia, Europe and Australia.