NCO to exchange debt securities

NCO Group Inc., a Horsham debt collector and customer-service provider, today offered to exchange two series of its debt securities for two other securities.

The notes NCO wants to redeem, due in 2013 and 2014, were sold in November in a private placement. These would be exchanged for notes due in the same years. The company was required under terms of the private sale to offer the exchange.

NCO's business focuses on accounts receivable management and customer relationship management. The company was bought in November by a group controlled by One Equity Partners and its affiliates, with participation by Michael J. Barrist, NCO's chairman, president and chief executive officer, and other members of management.