Portfolio Recovery Associates, Inc. 3.00% Convertible Senior Notes due 2020Portfolio Recovery Associates Inc • August 8th, 2013 • Services-consumer credit reporting, collection agencies • New York
Portfolio Recovery Associates, Inc. (the “Company”), a Delaware corporation, proposes, subject to the terms and conditions stated herein, to issue and sell to the Purchasers named in Schedule A hereto (the “Purchasers”) an aggregate of $250,000,000 principal amount of its 3.00% Convertible Senior Notes due 2020 (the “Firm Securities”), convertible into shares of the Company’s common stock, par value $0.01 per share (“Common Stock”), and cash or a combination of shares of Common Stock and cash, and, at the election of the Purchasers, up to an aggregate of $37,500,000 additional principal amount of its 3.00% Convertible Senior Notes due 2020 (the “Optional Securities”) (the Firm Securities and the Optional Securities which the Purchasers elect to purchase pursuant to Section 4 hereof are herein collectively called the “Securities”).
