R. Owen James
Effective June 17, 2025, the Company promoted R. Owen James to President of PRA Group Europe.
Highest-materiality recent filing
PRA Group shareholders approve 3.5M share increase to 2022 equity plan
Equity plan amendment approved: 26,552,984 for, 5,442,103 against.
PRA Group Q1 2026: Net income $28.2M, cash collections up 11% YoY to $551.9M
Net income $28.2M ($0.73 diluted EPS); cash collections $551.9M, up 11% YoY.
PRA Group extends €730M European credit facility to April 2031, reduces ERC ratio to 40%
Maturity extended from November 2027 to April 30, 2031 on €730M revolving credit facility.
Q4 net income $56.5M ($1.46 diluted EPS); full year net loss $305.1M ($7.79 loss) driven by $412.6M Q3 goodwill impairment.
PRA Group Q3 net loss $408M on $413M goodwill impairment; adjusted EPS $0.53
Net loss $407.7M ($10.43 diluted EPS) including $412.6M non-cash goodwill impairment; adjusted net income $20.9M ($0.53 diluted EPS).
PRA Group subsidiary issues €300M of 6.250% Senior Notes due 2032 to repay revolver borrowings
Issued €300M aggregate principal of 6.250% Senior Notes due September 30, 2032.
PRA Group subsidiary prices €300M 6.250% senior notes due 2032, plans debt refinancing
PRA Group Europe Holding II priced €300M senior notes at 6.250% due 2032 on September 24, 2025.
PRA Group subsidiary plans €300M senior notes due 2032 to repay revolver borrowings
Subsidiary PRA Group Europe Holding II to offer €300M in senior notes due 2032.
PRA Group Q2 net income $42.4M ($1.08 EPS) on record ERC $8.3B, cash collections up 13%
Net income $42.4M (diluted EPS $1.08) includes $29.7M after-tax gain from sale of RCB equity interest in Brazil.
Martin Sjolund appointed President and CEO effective June 17, 2025; base salary $825,000, target bonus 125%, $1.8M equity grant (50% PSUs, 50% RSUs vesting over 3 years).
PRA Group Q1 2025: portfolio purchases up 19%, record ERC $7.8B, net income $3.7M
Portfolio purchases $291.7M (+18.7% YoY); record ERC $7.8B (+20.1%).
PRA Group CEO Vikram Atal to retire; Martin Sjolund named successor effective June 17, 2025
Atal to retire as President and CEO and from Board on June 17, 2025, then serve as Senior Advisor through Dec 31, 2025.
PRA Group Q4 net income $18.5M, EPS $0.47; full-year profitable, record portfolio purchases $1.4B
Full-year 2024 net income $70.6M ($1.79 diluted EPS) vs 2023 net loss of $83.5M ($2.13 loss per share).
PRA Group elects Adrian M. Butler as independent director; approves severance for CFO and GC/CHRO
Adrian M. Butler elected independent director effective Jan 1, 2025; will serve on Risk Committee.
PRA Group issues $150M in additional 8.875% Notes due 2030, repays revolver
Completed $150M offering of 8.875% Senior Notes due 2030 at 103.625% of par.
PRA Group proposes $100M add-on of 8.875% senior notes due 2030
Offering $100M aggregate principal of 8.875% senior notes due 2030, same class as existing $400M notes issued May 2024.
PRA Group prices upsized $150M of 8.875% senior notes due 2030 at 103.625%
Offering upsized from $100M to $150M aggregate principal, priced at 103.625% of par.
PRA Group Q3 net income $27.2M ($0.69 EPS) vs year-ago loss; raises 2024 ROATE target to 8%+
Net income $27.2M ($0.69 diluted EPS) vs net loss of $12.3M ($0.31 loss) in Q3 2023; includes $0.20 tax benefit.
PRA Group extends $2.3B credit facilities to 2029, improves covenant flexibility
North American credit facility maturity extended to October 2029; commitments increased $40M to $1.548B.
PRA Group reports Q2 net income $21.5M ($0.54 EPS) vs loss a year ago; cash collections up 13%
Net income $21.5M ($0.54 diluted EPS) vs net loss $3.8M in Q2 2023.
Director Danielle M. Brown resigns from PRA Group board effective Aug. 1, 2024
Danielle M. Brown notified PRA Group on July 23, 2024, of her resignation from the Board.
PRA Group stockholders elect directors, ratify EY, approve Say-on-Pay
All 11 director nominees elected with strong support; average ~34M for votes each.
PRA Group issues $400M 8.875% Senior Notes due 2030; refinances existing debt
Issued $400M aggregate principal amount of 8.875% Senior Notes due January 31, 2030.
PRA Group prices $400M of 8.875% senior notes due 2030 to repay revolver and refinance 2025 notes
Priced $400.0M aggregate principal of 8.875% Senior Notes due 2030 in private placement; closing expected May 20, 2024.
PRA Group announces $400M senior notes due 2030 to refinance revolver and 2025 notes
Offering $400M aggregate principal of senior notes due 2030 in private placement.
PRA Group returns to profitability in Q1 2024; EPS of $0.09 vs. ($1.50) loss
Net income of $3.5M vs. ($58.6M) loss in Q1 2023; diluted EPS $0.09.
PRA Group appoints Glenn Marino to Board; follows Engaged Capital engagement
Glenn Marino appointed independent director effective March 15, 2024; Board expands to 12 members.
PRA Group Q4 GAAP EPS loss $0.22; full year diluted EPS loss $2.13
Q4 2023: net loss $8.8M, diluted EPS $(0.22); portfolio revenue $217.4M.
PRA Group enters new employment agreement with CEO Vikram Atal through Dec 2025
Employment agreement effective Dec 1, 2023, expires Dec 31, 2025, unless terminated earlier.
PRA Group posts Q3 net loss of $12.3M; portfolio purchases up 70% YoY to $311M
Diluted EPS of $(0.31) vs $0.63 in Q3 2022; net loss of $12.3M includes $5.0M impairment charge.
PRA Group CFO Peter Graham resigns; Rakesh Sehgal appointed successor
Peter Graham resigns as EVP and CFO effective Sept 15, 2023, to join another public company.
PRA Group reports Q2 net loss of $3.8M; portfolio purchases up 41.7% YoY to $327.8M
Diluted EPS of $(0.10) vs $0.91 in Q2 2022; net loss of $3.8M.
PRA Group EVP & Chief Risk and Compliance Officer Laura B. White resigns effective July 31, 2023
Laura B. White, EVP and Chief Risk and Compliance Officer, resigns effective July 31, 2023.
PRA Group re-elects former board member Geir Olsen; annual meeting votes approve say-on-pay
Geir Olsen re-elected as independent director effective June 15, 2023, term expiring 2024 annual meeting.
PRA Group to disclose estimated Q2 2023 portfolio purchases at William Blair conference
CEO Vikram Atal and CFO Pete Graham present at William Blair 43rd Annual Growth Stock Conference on June 7, 2023.
PRA Group may repurchase senior notes trading at significant discounts to principal
Company discloses outstanding senior notes are trading at significant discounts to principal amounts.
PRA Group reports Q1 loss of $58.6M; EPS $(1.50) on falling collections and revenue
Net loss $58.6M; diluted EPS $(1.50) vs net income $40.0M and EPS $0.97 in Q1 2022.
PRA Group EVP Chris Graves to retire May 12; Owen James named global investments officer
Chris Graves, EVP Global Investments & Analytics Officer, retiring May 12, 2023 for personal health reasons.
PRA Group CEO Kevin Stevenson out, Vikram Atal in; CFPB lawsuit settled for $27M
CEO Kevin Stevenson terminated without cause effective March 27, 2023; Vikram Atal, board member since 2015, appointed President and CEO.
PRA Group EVP Global Operations Roberts to retire effective March 31, 2023
Steven C. Roberts notified PRA Group of his retirement as EVP Global Operations Officer on March 2, 2023.
PRA Group Q4 EPS $0.41 vs $0.79 YoY; cash collections down 17.3%
Q4 net income $15.96M, diluted EPS $0.41; full-year EPS $2.94 vs $4.04 in 2021.
PRA Group issues $400M of 8.375% Senior Notes due 2028; proceeds to retire 2023 convertible notes
$400M principal amount, 8.375% interest, matures Feb 1, 2028.
PRA Group prices upsized $400M of 8.375% senior notes due 2028 to refinance convertible notes
Offering upsized from $350M to $400M; priced Jan 23, 2023; closing expected Feb 6, 2023.
PRA Group proposes $350M senior notes; Q4 revenue, collections down double-digits YoY
Plans to offer $350M senior notes due 2028; net proceeds to retire 2023 convertible notes.
PRA Group refinances European credit facility with €730M revolving line
Replaces $750M prior facility with €730M revolving credit facility maturing Nov 2027.
PRA Group Q3 net income $24.7M ($0.63 EPS); cash collections down 15.6% YoY
Diluted EPS $0.63 vs $0.76 in Q3 2021; net income $24.7M, down 28%.
PRA Group posts new investor presentation; no material financial news disclosed
Presentation covers NPL industry, company's business, history, financials, and key markets.
PRA Group Q2 2022 net income $36.5M ($0.91 EPS); cash collections down 18.3% YoY
Diluted EPS of $0.91 vs. $1.22 in Q2 2021; net income $36.5M down 34.8%.
PRA Group shareholders elect all 11 directors, approve 2022 Omnibus Incentive Plan
Elected 11 director nominees with majority votes; Scott M. Tabakin received 34.4M for, 2.9M against.
PRA Group Q1 net income $40M ($0.97 EPS); revenue $240.6M; cash collections $481M
Net income attributable to PRA Group was $40.0M, down from $58.4M in Q1 2021; diluted EPS $0.97 vs $1.27.
Effective June 17, 2025, the Company promoted R. Owen James to President of PRA Group Europe.
Martin Sjolund was appointed as the Company’s President and Chief Executive Officer (“CEO”) effective June 17, 2025.
the Board appointed Mr. Sjolund as a director, effective immediately
On April 2, 2025, the Board appointed Martin Sjolund to succeed Mr. Atal as the Company’s President and Chief Executive Officer, effective on June 17, 2025, immediately following the 2025 Annual Meeting.
In addition, on April 2, 2025, Glenn P. Marino notified the Company of his decision to retire from the Board immediately following the 2025 Annual Meeting.
On April 2, 2025, Vikram A. Atal, President and Chief Executive Officer of PRA Group, Inc. (the “Company”), notified the Company’s Board of Directors (the “Board”) of his decision to retire as President and Chief Executive Officer and as a member of the Board, effective on June 17, 2025, immediately following the Company’s 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”).
On July 23, 2024, Danielle M. Brown notified PRA Group, Inc. (the “Company”) that she was resigning from the Company’s Board of Directors (the “Board”) effective August 1, 2024.
On March 12, 2024, the Board of Directors (the “Board”) of PRA Group, Inc. (the “Company”) elected Glenn Marino as an independent director and increased the size of the Board from 11 to 12 members, effective March 15, 2024.
On August 21, 2023, Peter M. Graham, Executive Vice President and Chief Financial Officer of PRA Group, Inc. (the “Company”), notified the Company’s Board of Directors (the “Board”) of his decision to resign from the Company, effective September 15, 2023, to pursue another employment opportunity.
On August 23, 2023, the Board appointed Rakesh Sehgal to succeed Mr. Graham as the Company’s Executive Vice President and Chief Financial Officer, effective September 15, 2023.
On July 11, 2023, Laura B. White, Executive Vice President, Chief Risk and Compliance Officer, of PRA Group, Inc. (the “Company”) notified the Company of her decision to resign from the Company effective on July 31, 2023.
On April 17, 2023, PRA Group, Inc. (the “Company”) announced that Christopher B. Graves, Executive Vice President, Global Investments and Analytics Officer, will retire from the Company on May 12, 2023 (the “Effective Date”), due to personal health reasons.
Max materiality 0.80 · Median 0.60 · Most common event earnings