PRA Group, Inc. (PRAA), a company focused on acquiring and collecting nonperforming loans, said on Monday that its wholly-owned subsidiary, PRA Group Europe Holding II S.à r.l. Luxembourg, a private limited liability company, will offer EUR 300 million aggregate principal amount of senior notes due 2032.
PRA Group intends to use the net proceeds from this private offering to repay debt.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.