05:52 PM EST, 11/20/2024 (MT Newswires) -- PRA Group ( PRAA ) said Wednesday it has priced its offering of $150 million of 8.875% senior notes due 2030 at 103.625% of their principal amount.

The offering was upsized from $100.0 million, the company said. It expects to close the offering on or about Nov. 25.

The company intends to use the net proceeds to repay about $150 million of its borrowings under a revolving credit facility.