debt
confidence high
sentiment neutral
materiality 0.40
PRA Group proposes $100M add-on of 8.875% senior notes due 2030
PRA GROUP INC
- Offering $100M aggregate principal of 8.875% senior notes due 2030, same class as existing $400M notes issued May 2024.
- Net proceeds to repay approximately $100M outstanding under its North American revolving credit facility.
- Notes are unsecured senior obligations, guaranteed by certain domestic subsidiaries.
- Offered in private transaction under Rule 144A and Regulation S; not registered under Securities Act.