PRA Group subsidiary plans €300M senior notes due 2032 to repay revolver borrowings

PRA GROUP INC

Subsidiary PRA Group Europe Holding II to offer €300M in senior notes due 2032.
Notes will be senior unsecured guaranteed by PRA Group and its domestic subsidiaries.
Net proceeds to repay ~$174M of North American revolver and ~$174M of European revolver.
Offering is private, exempt from registration, to QIBs and non-U.S. persons.

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