---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-417167"
form_type: "8-K"
ticker: "PRAA"
cik: "0001185348"
company_name: "PRA GROUP INC"
filed_at: "2026-10-07T23:28:07+00:00"
generated_at: "2026-10-12T15:43:33.814031+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PRA Group completes $400 million 8.500% senior notes due 2033 offering

## Summary
- PRA Group issued $400 million aggregate principal amount of 8.500% Senior Notes due 2033 under an indenture with Regions Bank as trustee.
- Interest accrues at 8.500% per annum, payable semiannually on April 15 and October 15, starting April 15, 2027; notes mature October 15, 2033.
- Net proceeds and available cash will repay about $400.0 million of borrowings under PRA's North American revolving credit facility, without reducing the commitment.
- The notes are guaranteed on a senior unsecured basis by existing and future domestic restricted subsidiaries that guarantee the North American Credit Agreement.
- Indenture limits indebtedness, liens, dividends, investments, asset sales, mergers; change of control requires repurchase at 101% of principal plus accrued interest.

## SEC filing metadata
- accession: 0001193125-26-417167
- form_type: 8-K
- ticker: PRAA
- cik: 0001185348
- company_name: PRA GROUP INC
- filed_at: 2026-10-07T23:28:07+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1185348/000119312526417167/0001193125-26-417167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1185348/000119312526417167/d166539d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-417167
- JSON: https://secwatch.observer/filing/0001193125-26-417167.json
- Plain text: https://secwatch.observer/filing/0001193125-26-417167.txt

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