PRA Group Announces Proposed Offering of $400.0 Million of Senior Notes due 2033
PR Newswire•29/09/2026•08:15 ET
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Key Highlights
- ➤PRA Group (PRAA) proposes offering $400.0 million of senior notes due 2033
- ➤Net proceeds and available cash would repay approximately $400.0 million in revolving borrowings
- ➤Notes would be guaranteed senior unsecured by certain domestic subsidiaries
- ➤Offering remains subject to market and other conditions
PRA Group Announces Proposed Offering of $400.0 Million of 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 that it plans, subject to market and other conditions, to offer $400.0 million aggregate principal amount of 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").
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