{"schema_version":"secwatch.filing_event.v1","accession":"0001185348-25-000034","form_type":"8-K","ticker":"PRAA","cik":"0001185348","company_name":"PRA GROUP INC","filed_at":"2025-10-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.944879+00:00","generated_at":"2026-05-17T05:03:05.902820+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"PRA Group subsidiary issues €300M of 6.250% Senior Notes due 2032 to repay revolver borrowings","bullets":["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%."],"urls":{"canonical":"https://secwatch.observer/filing/0001185348-25-000034","json":"https://secwatch.observer/filing/0001185348-25-000034.json","markdown":"https://secwatch.observer/filing/0001185348-25-000034.md","text":"https://secwatch.observer/filing/0001185348-25-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1185348/000118534825000034/0001185348-25-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1185348/000118534825000034/praa-20250930.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:03:05.902820+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6a1a65955489672b22333a865e44a7b2af31e2c8","claim":"PRA GROUP INC incurred senior notes of €300 million aggregate principal amount with U.S. Bank Trustees Limited at 6.250% per annum maturing September 30, 2032.","evidence_excerpt":"On September 30, 2025, PRA Group Europe Holding II S.à r.l., a private limited liability company ( société à responsabilité limitée ) incorporated and existing under the laws of the Grand Duchy of Luxembourg (the “Issuer”) and a wholly-owned subsidiary of PRA Group, Inc. (the “Company”), completed its previously announced offering of €300 million aggregate principal amount of 6.250% Senior Notes due 2032 (the “Notes”) in a private transaction that was exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1185348/000118534825000034/0001185348-25-000034-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"€300 million aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trustees Limited"},{"label":"Rate","value":"6.250% per annum"},{"label":"Maturity","value":"September 30, 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}