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Latham & Watkins Advises on PRA Group’s US$400 Million Senior Notes Offering

Firm represents the initial purchasers in the offering by a global leader in acquiring and collecting nonperforming loans.

On May 20, 2024, PRA Group, Inc. (Nasdaq: PRAA) closed an offering of US$400 million 8.875% Senior Notes due 2030 in a private offering under Rule 144A and Regulation S of the Securities Act of 1933 to eligible purchasers.

Latham & Watkins represented the initial purchasers in the offering with a corporate team led by New York partner Michael Benjamin, with associate Robyn Sablove. Advice was also provided on benefits matters by New York partner Bradd Williamson, with associate Jaye Han; on data privacy matters by Houston/Austin counsel Robert Brown, with Washington, D.C. partner Jennifer Archie; 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 Zhang.

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Nitya Vashishtha
Nitya Vashishtha