---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-013749"
form_type: "8-K"
ticker: "PRAA"
cik: "0001185348"
company_name: "PRA GROUP INC"
filed_at: "2023-01-24T23:59:59+00:00"
generated_at: "2026-06-20T10:32:17.942260+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# PRA Group prices upsized $400M of 8.375% senior notes due 2028 to refinance convertible notes

## Summary
- Offering upsized from $350M to $400M; priced Jan 23, 2023; closing expected Feb 6, 2023.
- $345M of net proceeds deposited to retire 3.50% convertible senior notes due 2023.
- Remaining ~$51M used to repay revolving borrowings under North American Credit Agreement.
- Notes are senior unsecured guaranteed by domestic subsidiaries; issued in private transaction exempt from registration.

## SEC filing metadata
- accession: 0001193125-23-013749
- form_type: 8-K
- ticker: PRAA
- cik: 0001185348
- company_name: PRA GROUP INC
- filed_at: 2023-01-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1185348/000119312523013749/0001193125-23-013749-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1185348/000119312523013749/d420414d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-013749
- JSON: https://secwatch.observer/filing/0001193125-23-013749.json
- Plain text: https://secwatch.observer/filing/0001193125-23-013749.txt

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