UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events. |
On November 20, 2024, PRA Group, Inc. (the “Company”) issued a press release that announced the pricing of an upsized offering of $150.0 million aggregate principal amount of 8.875% senior notes (the “Notes”) due 2030, which was upsized by $50.0 million from the previously announced $100.0 million, at a price of 103.625% of their principal amount in a private transaction that is exempt from the registration requirements of the Securities Act of 1933, as amended. The Notes will be a further issuance of the Company’s existing 8.875% Senior Notes due 2030 and will be issued as additional notes under the indenture dated as of May 20, 2024, pursuant to which the Company previously issued $400.0 million aggregate principal amount of 8.875% Senior Notes due 2030 (the “Existing Notes”). The Notes will be treated as the same class and series as, and are otherwise identical to, the Existing Notes other than with respect to the date of issuance and issue price. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated in this Item 8.01 by reference.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| 99.1 | ||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PRA Group, Inc. | ||||||
| Date: November 20, 2024 | By: | /s/ Rakesh Sehgal | ||||
| Rakesh Sehgal | ||||||
| Executive Vice President and Chief Financial Officer | ||||||