PRA Group (PRAA) said Wednesday it has priced its offering of $150 million of 8.875% senior notes due 2030 at 103.625% of their principal amount.
The offering was upsized from $100.0 million, the company said. It expects to close the offering on or about Nov. 25.
The company intends to use the net proceeds to repay about $150 million of its borrowings under a revolving credit facility.
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