Financing ·
PRA Group offers $400M of senior notes due 2033 to repay revolving credit facility borrowings
PRAAPra Group Inc
PRA Group announced on September 29, 2026, its intent to offer $400.0 million in aggregate principal amount of senior notes due 2033 via a private transaction exempt from registration under the Securities Act of 1933. The offering is restricted to qualified institutional buyers under Rule 144A and certain non-U.S. persons under Regulation S. Proceeds will be used to repay approximately $400.0 million of outstanding borrowings under its North American revolving credit facility, with guarantees provided by existing and future domestic subsidiaries. PRA Group operates in the financial services industry, specializing in acquiring and collecting nonperforming loans.