FX.co ★ PRA Group Proposes Offering Of Additional $100 Mln Of Senior Notes Due 2030

PRA Group, Inc. (PRAA) announced on Wednesday an addition of $100 million to its existing 8.875% senior notes, set to mature in 2030. The company plans to utilize the funds to repay around $100 million of its current borrowings from its North American revolving credit facility. Previously, the company had issued $400 million in senior notes from the initial offering.