PRA Group Announces Pricing of Upsized Offering of Additional $150.0 Million of Senior Notes due 2030
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PRA Group, Inc. has announced the pricing of an upsized offering of $150 million in Senior Notes due 2030, with an interest rate of 8.875%. The offering was increased by $50 million from the initially planned $100 million.
November 20, 2024 | 10:30 pm
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PRA Group has increased its Senior Notes offering to $150 million, with a high interest rate of 8.875%, indicating strong demand and potential for growth.
The upsizing of the Senior Notes offering suggests strong investor demand and confidence in PRA Group's financial strategy. The high interest rate of 8.875% could attract more investors, potentially boosting the company's financial position and stock price in the short term.
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