PRA Group prices USD 400 million 8.5% senior notes due 2033 in private offering
Bitget2026/10/08 10:03PRA Group priced a private offering of USD 400 million 8.500% Senior Notes due 2033, issued under an Oct. 2, 2026 indenture. Proceeds, with cash on hand, target repayment of about USD 400 million drawn on the North American revolving credit facility. Interest accrues at 8.500% with semiannual payments due April 15 and Oct. 15, starting April 15, 2027. Notes carry senior unsecured guarantees from domestic restricted subsidiaries that back the North American credit agreement, subject to exceptions. Change of control triggers a required repurchase offer at 101% of principal, excluding accrued and unpaid interest. 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: 0001193125-26-417167), on October 08, 2026, and is solely responsible for the information contained therein.
- PRA Group priced a private offering of USD 400 million 8.500% Senior Notes due 2033, issued under an Oct. 2, 2026 indenture.
- Proceeds, with cash on hand, target repayment of about USD 400 million drawn on the North American revolving credit facility.
- Interest accrues at 8.500% with semiannual payments due April 15 and Oct. 15, starting April 15, 2027.
- Notes carry senior unsecured guarantees from domestic restricted subsidiaries that back the North American credit agreement, subject to exceptions.
- Change of control triggers a required repurchase offer at 101% of principal, excluding accrued and unpaid interest.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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