PRA Group, Inc. (PRAA) Plans $400M Senior Notes Due 2033

PRA Group plans, subject to market conditions, to offer $400M senior notes due 2033 in a private 144A/Reg S deal, guaranteed by certain subsidiaries. Proceeds and cash will repay about $400M on its North American revolver.Material DetailsContext by AI AnalystThis is a balance-sheet move to term out…