---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-012713"
form_type: "8-K"
ticker: "PRAA"
cik: "0001185348"
company_name: "PRA GROUP INC"
filed_at: "2023-01-23T23:59:59+00:00"
generated_at: "2026-06-20T11:33:19.386101+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# PRA Group proposes $350M senior notes; Q4 revenue, collections down double-digits YoY

## Summary
- Plans to offer $350M senior notes due 2028; net proceeds to retire 2023 convertible notes.
- Preliminary Q4 2022 cash collections $372-411M, down 12-21% YoY from $474M.
- Preliminary Q4 2022 total revenues $212-234M, down 9-18% YoY from $257M.
- Preliminary Q4 2022 adjusted EBITDA $226-250M, down 16-24% YoY from $298M.
- Portfolio acquisitions in 2022 estimated $850M (high) vs $972M actual in 2021, reflecting lower purchases.

## SEC filing metadata
- accession: 0001193125-23-012713
- form_type: 8-K
- ticker: PRAA
- cik: 0001185348
- company_name: PRA GROUP INC
- filed_at: 2023-01-23T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1185348/000119312523012713/0001193125-23-012713-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1185348/000119312523012713/d420412d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-012713
- JSON: https://secwatch.observer/filing/0001193125-23-012713.json
- Plain text: https://secwatch.observer/filing/0001193125-23-012713.txt

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