PRA Group prices $400.0 million senior notes due 2033 to repay revolver debt
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.
Key points
- 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
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.