PRA Group Inc. has announced the pricing of a €300 million offering of 6.250% Senior Notes due 2032. The notes, issued by its wholly-owned subsidiary PRA Group Europe Holding II S.à r.l., are expected to close on or about September 30, 2025, subject to customary closing conditions. The notes will be guaranteed on a senior unsecured basis by PRA Group Inc. and certain of its subsidiaries. Proceeds from the offering are intended to repay approximately $174 million of outstanding borrowings under the company's North American revolving credit facility and approximately $174 million under its European revolving credit facility. The offering was made in a private transaction to qualified institutional buyers under Rule 144A and to certain persons outside the U.S. under Regulation S. No URL for the full prospectus is included in the provided document.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PRA Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001185348-25-000030), on September 24, 2025, and is solely responsible for the information contained therein.
Comments