PRA Group Announces Proposed Offering of €300.0 Million of Senior Notes due 2032

Core Viewpoint - PRA Group, Inc. plans to offer €300 million in senior notes due 2032 to repay outstanding borrowings under its North American and European revolving credit facilities [1][3]. Group 1: Offering Details - The senior notes will be guaranteed on a senior unsecured basis by PRA Group and its existing and future domestic subsidiaries [2]. - The offering is intended for qualified institutional buyers and certain persons outside the United States, in compliance with Rule 144A and Regulation S under the Securities Act [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to repay approximately $174 million of outstanding borrowings under both the North American and European revolving credit facilities [3]. Group 3: Regulatory Compliance - The offering is exempt from the registration requirements of the Securities Act, and the notes will not be registered under the Securities Act or any state securities laws [4]. - Promotion of the notes in the UK is restricted, and they are not being offered to the general public [5][10].