secwatch.observer — SEC 8-K summary
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Issuer:     PRA GROUP INC (PRAA)
CIK:        0001185348
Form:       8-K
Filed at:   2024-05-20T23:59:59+00:00
Accession:  0001193125-24-142861
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1185348/000119312524142861/0001193125-24-142861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1185348/000119312524142861/d841755d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-142861

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