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

May 22 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:

我们的标准: 汤森路透“信任原则

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