NORFOLK, Va., Aug. 7, 2013 (GLOBE NEWSWIRE) -- Portfolio Recovery Associates, Inc. (PRA) (Nasdaq:PRAA), a business and financial services company operating in the U.S. and U.K., today announced the pricing of an offering of $250 million aggregate principal amount of 3.00% convertible senior notes due 2020 (the "notes") in a private placement to qualified, institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Act"). The sale of the notes is expected to close on August 13, 2013, subject to customary closing conditions.
PRA Announces Pricing Of $250 Million Offering Of Convertible Senior Notes Due 2020
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