secwatch.observer — SEC 8-K summary
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Issuer:     PRA GROUP INC (PRAA)
CIK:        0001185348
Form:       8-K
Filed at:   2025-10-01T23:59:59+00:00
Accession:  0001185348-25-000034
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1185348/000118534825000034/0001185348-25-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1185348/000118534825000034/praa-20250930.htm
  HTML page:      https://secwatch.observer/filing/0001185348-25-000034

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