---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-407840"
form_type: "8-K"
ticker: "PRAA"
cik: "0001185348"
company_name: "PRA GROUP INC"
filed_at: "2026-09-29T21:27:31+00:00"
generated_at: "2026-10-12T13:54:44.014508+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001193125-26-407840
- form_type: 8-K
- ticker: PRAA
- cik: 0001185348
- company_name: PRA GROUP INC
- filed_at: 2026-09-29T21:27:31+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1185348/000119312526407840/0001193125-26-407840-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1185348/000119312526407840/d41584d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-407840
- JSON: https://secwatch.observer/filing/0001193125-26-407840.json
- Plain text: https://secwatch.observer/filing/0001193125-26-407840.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.