---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-322341"
form_type: "8-K"
ticker: "PRG"
cik: "0001808834"
company_name: "PROG Holdings, Inc."
filed_at: "2021-11-08T23:59:59+00:00"
generated_at: "2026-06-28T11:41:43.020896+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PROG Holdings launches $600M notes offering to fund $425M tender offer at $44-$50/share

## Summary
- Offering $600M aggregate principal amount of senior unsecured notes due 2029 via private placement.
- Net proceeds to fund cash tender offer for up to $425M of common stock at $44-$50 per share.
- Notes offering not conditioned on tender offer; tender offer requires debt financing of at least $400M.
- Revolving credit facility amended to permit expected terms of the notes offering.
- Notes will be guaranteed by certain domestic subsidiaries; interest rate set at pricing.

## SEC filing metadata
- accession: 0001193125-21-322341
- form_type: 8-K
- ticker: PRG
- cik: 0001808834
- company_name: PROG Holdings, Inc.
- filed_at: 2021-11-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1808834/000119312521322341/0001193125-21-322341-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1808834/000119312521322341/d253235d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-322341
- JSON: https://secwatch.observer/filing/0001193125-21-322341.json
- Plain text: https://secwatch.observer/filing/0001193125-21-322341.txt

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