secwatch.observer — SEC 8-K summary
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Issuer:     PRA GROUP INC (PRAA)
CIK:        0001185348
Form:       8-K
Filed at:   2026-09-29T21:27:31+00:00
Accession:  0001193125-26-407840
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1185348/000119312526407840/0001193125-26-407840-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1185348/000119312526407840/d41584d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-407840

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