PRA Group, Inc. announced the pricing on September 29, 2026 of its offering of $400.0 million aggregate principal amount of 8.500% senior notes due 2033. The notes will be guaranteed on a senior unsecured basis by each of the Company's existing and future domestic subsidiaries that is a borrower or guarantor under the Company's North American Credit Agreement. PRA Group intends to use the net proceeds from the offering and available cash to repay approximately $400.0 million of its outstanding borrowings under its North American revolving credit facility. The offering is expected to close on or about October 2, 2026, subject to the satisfaction of customary closing conditions. The notes were offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and to certain persons outside of the United States pursuant to Regulation S.
PRA Group IncPRA Group prices $400M of 8.500% senior notes and will use proceeds plus cash to repay revolver borrowings, a refinancing/financing event.
Bank of Chongqing Co Ltd