{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-025557","form_type":"8-K","ticker":"PRAA","cik":"0001185348","company_name":"PRA GROUP INC","filed_at":"2023-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.075197+00:00","generated_at":"2026-06-19T23:51:59.204033+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PRA Group issues $400M of 8.375% Senior Notes due 2028; proceeds to retire 2023 convertible notes","bullets":["$400M principal amount, 8.375% interest, matures Feb 1, 2028.","Proceeds: $345M to retire 3.50% convertible notes due 2023; ~$51M to repay revolving borrowings.","Notes are senior unsecured, guaranteed by domestic restricted subsidiaries, effectively subordinated to secured debt.","Optional redemption: make-whole prior to Feb 2025; thereafter at specified premiums (104.188% in 2025, etc.).","Covenant to deposit $345M into segregated account for convertible note retirement."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-025557","json":"https://secwatch.observer/filing/0001193125-23-025557.json","markdown":"https://secwatch.observer/filing/0001193125-23-025557.md","text":"https://secwatch.observer/filing/0001193125-23-025557.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1185348/000119312523025557/0001193125-23-025557-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1185348/000119312523025557/d447977d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T23:51:59.204033+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1b81b23dc5403aad1729c89ac29b9da82eb899e9","claim":"PRA GROUP INC incurred senior notes of $400,000,000 with Noteholders at 8.375% per annum maturing February 1, 2028.","evidence_excerpt":"On February 6, 2023, PRA Group, Inc. (the “Company”) completed its previously announced offering of $400 million aggregate principal amount of 8.375% Senior Notes due 2028 (the “Notes”) in a private transaction that was exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1185348/000119312523025557/0001193125-23-025557-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$400,000,000"},{"label":"Counterparty","value":"Noteholders"},{"label":"Rate","value":"8.375% per annum"},{"label":"Maturity","value":"February 1, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f9cfd8ae1d5967a0f9667b5abd525a2c63b60128","claim":"PRA GROUP INC entered into Indenture with Regions Bank, as trustee valued at $400 million (effective 2023-02-06).","evidence_excerpt":"On February 6, 2023, PRA Group, Inc. (the “Company”) completed its previously announced offering of $400 million aggregate principal amount of 8.375% Senior Notes due 2028 (the “Notes”) in a private transaction that was exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1185348/000119312523025557/0001193125-23-025557-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Regions Bank, as trustee"},{"label":"Value","value":"$400 million"},{"label":"Effective","value":"2023-02-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}