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NORFOLK, Va. , May 15, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, announced today the pricing on May 15, 2024 of its offering of $400.0 million aggregate principal amount of 8.875% Senior Notes due 2030 (the "notes"), in a private transaction that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").
PRA Group's (PRAA) first-quarter results benefit from improved collections from Brazil, Europe and the United States. Rising legal collection costs and fees partially offset the results.
PRA Group, Inc. (NASDAQ:PRAA ) Q1 2024 Earnings Conference Call May 6, 2024 5:00 PM ET Company Participants Najim Mostamand - Vice President, Investor Relations Vik Atal - President and CEO Rakesh Sehgal - Executive Vice President and CFO Conference Call Participants David Scharf - Citizens JMP Mark Hughes - Truist Robert Dodd - Raymond James Operator Good evening. And welcome to PRA Group's First Quarter 2024 Conference Call.
Growing portfolio supply in the United States, coupled with pricing tailwinds and improvement in cash efficiency ratio, poise PRA Group (PRAA) well for growth.
PRA Group (PRAA) expects cash collections in 2024 to witness double-digit growth.
PRA Group, one of the largest global collection agencies, lost less than expected thanks to its work streamlining its U.S. operations. The company will likely see more loans available for purchase in 2024 if the economic headwinds continue.
PRA Group, Inc. (PRAA) Q4 2023 Earnings Call Transcript
Although the revenue and EPS for PRA Group (PRAA) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
PRA Group's (PRAA) fourth-quarter results are likely to reflect lower cash collections from the Americas and Australia Core and higher legal collection and net interest expenses.
PRA Group's (PRAA) third-quarter results gain from improved cash collections and solid portfolio purchases.