PRA Group Inc. Completes €300 Million Senior Notes Offering to Repay North American and European Revolving Credit Facilities

Reuters
2025/10/01
PRA Group Inc. Completes €300 Million Senior Notes Offering to Repay <a href="https://laohu8.com/S/FNCSF">North American</a> and European Revolving Credit Facilities

**PRA Group, Inc. Completes €300 Million Senior Notes Offering to Refinance Debt** PRA Group, Inc. announced that its wholly-owned subsidiary, PRA Group Europe Holding II S.à r.l., has completed a private offering of €300 million in 6.250% Senior Notes due 2032. The transaction, finalized on September 30, 2025, involved a number of financial institutions, including U.S. Bank Trustees Limited as trustee and U.S. Bank Europe DAC as paying agent. The company intends to use the net proceeds from the offering to repay approximately $174 million in outstanding borrowings under both its North American and European revolving credit facilities. Importantly, these repayments will not reduce the borrowing commitments under either facility, allowing PRA Group continued access to revolving credit. Certain participating financial institutions in the note offering are also lenders under the company's credit facilities and may receive a portion of the proceeds. The notes were issued in a private transaction exempt from SEC registration requirements and do not carry registration rights.

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: 0001185348-25-000034), on October 01, 2025, and is solely responsible for the information contained therein.

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