---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-140018"
form_type: "8-K"
ticker: "PRAA"
cik: "0001185348"
company_name: "PRA GROUP INC"
filed_at: "2024-05-16T23:59:59+00:00"
generated_at: "2026-06-01T19:21:37.930546+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PRA Group prices $400M of 8.875% senior notes due 2030 to repay revolver and refinance 2025 notes

## Summary
- Priced $400.0M aggregate principal of 8.875% Senior Notes due 2030 in private placement; closing expected May 20, 2024.
- Net proceeds to repay ~$396.0M of borrowings under its North American revolving credit facility.
- Thereafter, will use revolver borrowings around Sep 1, 2024 to redeem $298.0M of 7.375% Senior Notes due 2025.
- Notes are senior unsecured and guaranteed by existing and future domestic subsidiaries that are borrowers/guarantors under North American Credit Agreement.
- Offered under Rule 144A and Regulation S; not registered under Securities Act.

## SEC filing metadata
- accession: 0001193125-24-140018
- form_type: 8-K
- ticker: PRAA
- cik: 0001185348
- company_name: PRA GROUP INC
- filed_at: 2024-05-16T23:59:59+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/1185348/000119312524140018/0001193125-24-140018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1185348/000119312524140018/d947597d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-140018
- JSON: https://secwatch.observer/filing/0001193125-24-140018.json
- Plain text: https://secwatch.observer/filing/0001193125-24-140018.txt

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