PRA Group stock prices USD 400 million notes as debt shifts

Published on 10/04/2026 at 22:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PRA Group stock is tied to USD 1.51 diluted EPS and USD 372.17 million revenue in Q2 2026. Analysts hold a USD 26.00 average target.

PRAA, US69354N1063, Illustration mit AI erstellt.

PRA Group stock (ISIN US69354N1063) was last at USD 18.86 on Nasdaq on October 2, 2026, while the debt refinancing announced on September 29 placed USD 400.0 million of senior notes at an 8.500 percent coupon. According to PRA Group, the proceeds are intended to repay USD 400.0 million of borrowings under its North American revolving credit facility.

Debt moves to a 2033 maturity

The notes mature in 2033 and carry senior unsecured guarantees from eligible domestic subsidiaries, according to StockTitan. The structure replaces revolving-credit exposure with fixed-rate debt, improving maturity visibility while adding a defined annual interest burden of USD 34.0 million before other financing effects.

The financing followed a strong operating quarter. PRA Group reported USD 372.17 million of revenue and diluted EPS of USD 1.51 for Q2 2026, compared with consensus revenue of USD 299.99 million and consensus EPS of USD 0.52, according to MarketBeat. Revenue therefore exceeded the published estimate by USD 72.18 million, while EPS exceeded consensus by USD 0.99.

Collections support the balance sheet

Q2 operating data add scale to the earnings comparison. PRA Group generated USD 58 million of net income, collected USD 559 million in cash and purchased USD 297 million of portfolios, while estimated remaining collections reached USD 8.9 billion, according to Yahoo Finance. Net leverage stood at 2.67 times as of June 30, 2026, after seven consecutive quarters of deleveraging.

The counterweight is the financing cost. An 8.500 percent coupon is materially higher than the zero-coupon profile of equity, so the refinancing improves the debt maturity profile but keeps interest expense central to the investment case.

Analysts see value above Nasdaq price

MarketBeat reports a Hold consensus from five analysts, comprising one Strong Buy, one Buy, two Hold ratings and one Sell rating. The average price target is USD 26.00, which places the target 37.9 percent above the October 2 price of USD 18.86.

Stock stays below yearly high

PRA Group stock was last at USD 18.86 on Nasdaq on October 2, 2026. Its 52-week range was USD 10.25 to USD 22.55, and market capitalization was USD 710.0 million as of October 3, 2026.