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PRA Group Shares Fall After Proposed $400 Million Senior Notes Offering

Provided by Dow Jones Sep 29, 2026, 4:52:00 PM

By Chris Wack

PRA Group shares were down after the company disclosed plans to offer $400 million of senior notes due 2033 in a private transaction.

The stock was 5% lower, at $19.05, in midday trading Tuesday. Despite today's decline shares are 19% higher in the past 12 months.

The financial company said the notes will be guaranteed on a senior unsecured basis by each of its existing and future domestic subsidiaries that is a borrower or guarantor under its North American credit agreement.

PRA Group said it intends to use the proceeds from the offering and available cash to repay $400 million of its outstanding borrowings under its North American revolving credit facility.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

September 29, 2026 12:52 ET (16:52 GMT)

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