May 22, 2017 / 11:20 AM / 3 months ago

BRIEF-PRA group announces proposed $300 million offering of convertible senior notes due 2023

May 22 (Reuters) - PRA Group Inc

* PRA Group announces proposed $300 million offering of convertible senior notes due 2023

* PRA Group Inc says intention to offer $300 million aggregate principal amount of convertible senior notes due 2023

* Intends to use portion of net proceeds from offering to repurchase between approximately $30 to $45 million of shares of its common stock

* Also intends to use net proceeds from offering of notes to repay debt outstanding under its North American revolving credit facility Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below