PRA Group Announces Pricing of Offering of $400.0 Million of 8.500% Senior Notes due 2033
Key Highlights
- ➤PRA Group (PRAA) prices $400.0 million of 8.500% senior notes due 2033
- ➤Offering expected to close on or about October 2, 2026
- ➤PRA Group will repay approximately $400.0 million of revolving credit borrowings
- ➤Notes guaranteed by domestic subsidiaries under North American Credit Agreement
Expert Statements
Najim Mostamand, Vice President, Investor Relations at PRA Group
“Investor Contact: Najim Mostamand, CFA Vice President, Investor Relations”
PRA Group Announces Pricing of Offering of $400.0 Million of 8.500% Senior Notes due 2033 PR Newswire
NORFOLK, Va., Sept. 29, 2026 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, announced today the pricing on September 29, 2026 of its offering of $400.0 million aggregate principal amount of 8.500% senior notes due 2033 (the "notes"), in a private transaction that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The offering of the notes is expected to close on or about October 2, 2026, subject to the satisfaction of customary closing conditions.
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