secwatch.observer — SEC 8-K summary
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Issuer:     PRA GROUP INC (PRAA)
CIK:        0001185348
Form:       8-K
Filed at:   2026-10-07T23:28:07+00:00
Accession:  0001193125-26-417167
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1185348/000119312526417167/0001193125-26-417167-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1185348/000119312526417167/d166539d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-417167

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