---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-138985"
form_type: "8-K"
ticker: "PRAA"
cik: "0001185348"
company_name: "PRA GROUP INC"
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T22:41:14.744504+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PRA Group announces $400M senior notes due 2030 to refinance revolver and 2025 notes

## Summary
- Offering $400M aggregate principal of senior notes due 2030 in private placement.
- Notes guaranteed on senior unsecured basis by domestic subsidiaries that are borrowers under North American Credit Agreement.
- Net proceeds to repay ~$396M of North American revolver, then borrow under revolver to redeem $298M of 7.375% Senior Notes due 2025.
- Offering only to QIBs under Rule 144A and non-U.S. persons under Regulation S.
- Redemption of 2025 notes expected on or about September 1, 2024.

## SEC filing metadata
- accession: 0001193125-24-138985
- form_type: 8-K
- ticker: PRAA
- cik: 0001185348
- company_name: PRA GROUP INC
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1185348/000119312524138985/0001193125-24-138985-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1185348/000119312524138985/d824057d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-138985
- JSON: https://secwatch.observer/filing/0001193125-24-138985.json
- Plain text: https://secwatch.observer/filing/0001193125-24-138985.txt

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