PRA Group (PRAA) Prices $400M 8.5% Senior Notes Due 2033

PRA Group announced the pricing of $400.0M of 8.500% senior notes due 2033.Material DetailsContext by AI AnalystThis is a mid-cycle financing move that refreshes or adds to PRA Group’s debt stack. A larger catalyst would require details on use of proceeds, covenants, timing, and any refinancing imp…