---
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"
generated_at: "2026-05-17T05:03:05.902820+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185348-25-000034
- JSON: https://secwatch.observer/filing/0001185348-25-000034.json
- Plain text: https://secwatch.observer/filing/0001185348-25-000034.txt

## Key facts
- Debt Financings
  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.
  - Instrument: senior notes
  - Principal: €300 million aggregate principal amount
  - Counterparty: U.S. Bank Trustees Limited
  - Rate: 6.250% per annum
  - Maturity: September 30, 2032
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1185348/000118534825000034/0001185348-25-000034-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.