secwatch.observer — SEC 8-K summary
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Issuer:     PRA GROUP INC (PRAA)
CIK:        0001185348
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001193125-24-138985
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1185348/000119312524138985/0001193125-24-138985-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1185348/000119312524138985/d824057d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-138985

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