PRA Group issues $150M in additional 8.875% Notes due 2030, repays revolver

PRA GROUP INC

Completed $150M offering of 8.875% Senior Notes due 2030 at 103.625% of par.
Notes are additional issuance of existing $400M 8.875% Notes due 2030; same terms except issue price.
Net proceeds used to repay ~$154.3M outstanding borrowings under North American revolver.
Notes are senior unsecured, guaranteed by domestic restricted subsidiaries.
Interest payable semiannually Jan 31 and Jul 31, starting Jan 31, 2025; maturity Jan 31, 2030.

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