---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-341166"
form_type: "8-K"
ticker: "PRG"
cik: "0001808834"
company_name: "PROG Holdings, Inc."
filed_at: "2021-11-26T23:59:59+00:00"
generated_at: "2026-06-28T05:20:01.732505+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PROG Holdings closes $600M 6% senior notes due 2029; funds $425M stock tender offer

## Summary
- Closed $600M offering of 6.000% senior unsecured notes due November 2029.
- Notes issued at par; interest payable semi-annually starting May 15, 2022.
- Net proceeds to fund up to $425M tender offer for common stock at $44–$50/share.
- Tender offer financing condition satisfied with closing of notes offering.
- Remaining proceeds after tender offer used for additional share repurchases or general corporate purposes.

## SEC filing metadata
- accession: 0001193125-21-341166
- form_type: 8-K
- ticker: PRG
- cik: 0001808834
- company_name: PROG Holdings, Inc.
- filed_at: 2021-11-26T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1808834/000119312521341166/0001193125-21-341166-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1808834/000119312521341166/d447174d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-341166
- JSON: https://secwatch.observer/filing/0001193125-21-341166.json
- Plain text: https://secwatch.observer/filing/0001193125-21-341166.txt

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