PRA Group subsidiary issues €300M of 6.250% Senior Notes due 2032 to repay revolver borrowings

PRA GROUP INC

Issued €300M aggregate principal of 6.250% Senior Notes due September 30, 2032.
Net proceeds to repay ~$174M each from North American and European revolving credit facilities.
Notes are senior unsecured, guaranteed by PRA Group and its domestic restricted subsidiaries.
Optional redemption at make-whole prior to Sep 30, 2028, then step-down premiums from 103.125% to 100%.
Change of control repurchase at 101% of principal; asset sale offer at 100%.

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