debt
confidence high
sentiment neutral
materiality 0.60
PRA Group prices upsized $150M of 8.875% senior notes due 2030 at 103.625%
PRA GROUP INC
- Offering upsized from $100M to $150M aggregate principal, priced at 103.625% of par.
- Notes are additional issuance under existing indenture, same class/series as $400M 8.875% notes due 2030.
- Net proceeds will repay about $150M of borrowings under North American revolving credit facility.
- Closing expected on or about November 25, 2024, subject to customary conditions.