|Bid||0.00 x 1100|
|Ask||50.00 x 800|
|Day's Range||43.71 - 46.16|
|52 Week Range||19.40 - 46.16|
|Beta (5Y Monthly)||1.38|
|PE Ratio (TTM)||15.78|
|Earnings Date||Nov 05, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 07, 2007|
|1y Target Est||50.00|
By buying an index fund, investors can approximate the average market return. But if you pick the right individual...
PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, announced today the pricing of its previously announced offering of $300.0 million aggregate principal amount of 7.375% Senior Notes due 2025 (the "notes") in a private transaction that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The offering of the notes is expected to close on or about August 27, 2020, subject to the satisfaction of customary closing conditions.
Moody's Investors Service ("Moody's") assigned a Ba1 corporate family rating (CFR) to PRA Group, INC. ("PRA"), a publicly-listed debt purchaser with operations in the Americas, Europe and Australia. Moody's also assigned a Ba2 unsecured debt rating to PRA's proposed $300 million senior unsecured notes. At the same time, the recommendation reflects PRA's: 6) evolving liquidity and funding profile, with significant reliance on credit facilities; 7) potential weakening in the company's profitability and increase in earnings volatility, due to the ongoing coronavirus crisis; as well as 8) current operating environment for debt purchasers, reflecting high regulatory risk inherent to the debt collection business.