PRA Group prices $400M of 8.500% senior notes due 2033 to repay revolver borrowings

PRA GROUP INC

$400.0 million aggregate principal of 8.500% senior notes due 2033 priced September 29, 2026; offering expected to close on or about October 2, 2026, subject to customary conditions.
Notes will be guaranteed on a senior unsecured basis by each existing and future domestic subsidiary that is a borrower or guarantor under PRA's North American Credit Agreement.
Net proceeds plus available cash will repay approximately $400.0 million of outstanding borrowings under the North American revolving credit facility.
Notes sold privately to qualified institutional buyers under Rule 144A and to certain non-U.S. persons under Regulation S; not registered under the Securities Act.

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