Every material Form 8-K PRA GROUP INC has filed with the SEC since September 29, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
PRA Group reported third quarter 2026 results on November 5, 2026, with net income attributable to the company of $15 million, or $0.39 per diluted share, compared with a loss of $407.7 million ($10.43 per share) a year earlier that included a $413 million goodwill impairment. Total portfolio revenue fell 8% to $285 million, and cash collections were $536 million, slightly below the prior-year quarter, so the profit improvement came mainly from lower operating expenses.
Total portfolio revenue fell 8% to $285 million, from $310 million in Q3 2025, mainly due to lower changes in expected recoveries.
Net income attributable to PRA Group was $15 million, or $0.39 per diluted share, versus a loss of $407.7 million in Q3 2025.
Operating expenses fell to $200 million from $627 million, which included the $413 million goodwill impairment in the prior-year quarter.
In October 2026 the company issued $400 million of senior notes due 2033.
PRA Group closed a $400 million private offering of 8.500% senior unsecured notes maturing October 15, 2033, dated October 2, 2026. The company plans to use the proceeds and cash on hand to repay about $400.0 million of borrowings under its North American revolving credit facility, which can be re-borrowed under customary conditions.
$400 million aggregate principal of 8.500% Senior Notes due October 15, 2033, issued October 2, 2026
Interest payable semiannually on April 15 and October 15, starting April 15, 2027
Proceeds and available cash to repay about $400.0 million of North American revolver borrowings; commitment amount unchanged
Notes guaranteed by domestic restricted subsidiaries that guarantee the North American Credit Agreement; Regions Bank is trustee
PRA Group priced a $400.0 million offering of 8.500% senior notes due 2033 in a private transaction exempt from Securities Act registration. The company plans to use the net proceeds and available cash to repay approximately $400.0 million of borrowings under its North American revolving credit facility, and the offering is expected to close on or about October 2, 2026.
Priced $400.0 million aggregate principal of 8.500% senior notes due 2033 on September 29, 2026
Expected closing on or about October 2, 2026, subject to customary conditions
Net proceeds and available cash to repay approximately $400.0 million of North American revolving credit facility borrowings
Notes offered to qualified institutional buyers under Rule 144A and certain non-U.S. persons under Regulation S; guaranteed on a senior unsecured basis by domestic subsidiaries
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