Latham & Watkins Advises on PRA Group’s €300 Million Senior Notes Offering

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, has announced that its wholly owned subsidiary, PRA Group Europe Holding II S.à r.l. Luxembourg, a private limited liability company incorporated and existing under the laws of the Grand Duchy of Luxembourg, has priced on September 24, 2025, its offering of €300 million aggregate principal amount of 6.250% Senior Notes due 2032, in a private transaction that is exempt from the registration requirements of the Securities Act of 1933. The offering of the notes is expected to close on or about September 30, 2025, subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represents the initial purchasers in the offering with a corporate team led by New York partner Michael Benjamin, with New York associates Robyn Sablove and Elina Stavropoulou and London associate Laura Harper. Advice was also provided on data privacy and cybersecurity matters by Houston/Austin partner Robert Brown; on TCPA matters by Washington, D.C. partner Matthew Murchison; and on tax matters by New York partner Elena Romanova, with Washington, D.C. associate Shiyi Parsons.