secwatch.observer — SEC 8-K summary
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Issuer:     PRA GROUP INC (PRAA)
CIK:        0001185348
Form:       8-K
Filed at:   2023-01-24T23:59:59+00:00
Accession:  0001193125-23-013749
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1185348/000119312523013749/0001193125-23-013749-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1185348/000119312523013749/d420414d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-013749

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer