NORFOLK, Va., Aug. 14, 2013 (GLOBE NEWSWIRE) -- Portfolio Recovery Associates, Inc. (PRA) (Nasdaq:PRAA), a business and financial services company operating in the U.S. and U.K., announced the August 13, 2013 closing of its previously announced 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"). In addition, PRA announced that the initial purchasers fully exercised their option to purchase an additional $37.5 million in aggregate principal amount of the notes.
PRA Closes $287.5 Million Offering Of Convertible Senior Notes Due 2020
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