---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-142861"
form_type: "8-K"
ticker: "PRAA"
cik: "0001185348"
company_name: "PRA GROUP INC"
filed_at: "2024-05-20T23:59:59+00:00"
generated_at: "2026-06-01T12:21:00.555626+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# PRA Group issues $400M 8.875% Senior Notes due 2030; refinances existing debt

## Summary
- Issued $400M aggregate principal amount of 8.875% Senior Notes due January 31, 2030.
- Interest payable semiannually on Jan 31 and Jul 31, beginning Jan 31, 2025.
- Net proceeds used to repay ~$396M of borrowings under North American revolving credit facility.
- Company intends to borrow $298M under revolver on Sep 1, 2024 to redeem 7.375% Senior Notes due 2025.
- Notes are senior unsecured and guaranteed by domestic subsidiaries that guarantee the credit agreement.

## SEC filing metadata
- accession: 0001193125-24-142861
- form_type: 8-K
- ticker: PRAA
- cik: 0001185348
- company_name: PRA GROUP INC
- filed_at: 2024-05-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1185348/000119312524142861/0001193125-24-142861-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1185348/000119312524142861/d841755d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-142861
- JSON: https://secwatch.observer/filing/0001193125-24-142861.json
- Plain text: https://secwatch.observer/filing/0001193125-24-142861.txt

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