PRA Group Announces Opening of Uptown Charlotte Office

Rhea-AI Summary

PRA Group (Nasdaq: PRAA) will open an Uptown Charlotte office in early February 2026 at One South, a 40-story tower at Trade and Tryon. The location expands PRA Group's talent-hub network to Charlotte alongside London, Oslo, Warsaw and its Norfolk global headquarters.

The company cited Charlotte's financial services talent pool, quality of life, long-term economic growth and airport access as reasons for the move, and said the hub will support cross-functional teams and hiring as PRA Group marks 30 years in the nonperforming loan industry.

Key Figures

Office opening timing: Early February 2026 Office tower height: 40-story Operating history: 30 years

3 metrics

Office opening timing Early February 2026 Planned opening of Uptown Charlotte office

Office tower height 40-story One South office tower location in Uptown Charlotte

Operating history 30 years Years as a leader in the nonperforming loan industry

Market Reality Check

Price: $12.79 Vol: Volume 736,887 is 2.28x t...

high vol

$12.79 Last Close

Volume Volume 736,887 is 2.28x the 20-day average of 322,963 shares ahead of this expansion news. high

Technical Shares at $12.79 are trading below the 200-day MA of $15.81 and sit well under the $23.97 52-week high, near the $12.29 low.

Peers on Argus

PRAA was down 1.27% pre-news while key Credit Services peers showed mixed moves:...

PRAA was down 1.27% pre-news while key Credit Services peers showed mixed moves: QD +1.86%, GDOT +1.89%, WRLD +2.75%, XYF -9.23%, ATLC -0.55%, pointing to stock-specific dynamics rather than a uniform sector swing.

Historical Context

5 past events · Latest: Dec 09 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 09	Debt offering plan	Neutral	-0.6%	Announced proposed private offering of €300M senior notes to refinance revolvers.
Nov 17	Investor conferences	Positive	-2.0%	Management participation in multiple investor events and conferences over two months.
Nov 03	Q3 2025 earnings	Positive	+6.9%	Reported goodwill impairment but stronger cash collections and higher adjusted EBITDA.
Oct 13	Earnings date notice	Neutral	+5.1%	Announced timing and access details for the Q3 2025 earnings release and call.
Sep 24	Notes pricing	Neutral	+0.2%	Priced €300M 6.250% senior notes due 2032 to refinance about $348M of debt.

Pattern Detected

Recent material news (earnings and financing) has more often seen price moves align with the perceived tone of the announcement.

Recent Company History

Over the past few months, PRA Group has focused on financing, earnings, and investor outreach. In Q3 2025, it reported a large non-cash goodwill impairment of $412.6 million but also higher cash collections of $542.2 million, with shares rising 6.86% on that release. The company priced €300 million of 6.250% senior notes due 2032 to refinance about $348 million of debt and communicated related steps through multiple 8-K filings. Today’s Charlotte office opening fits into this broader operational and growth positioning rather than capital-structure changes.

Market Pulse Summary

This announcement highlights PRA Group’s strategic expansion into Uptown Charlotte, adding a new tal...

Analysis

This announcement highlights PRA Group’s strategic expansion into Uptown Charlotte, adding a new talent hub to existing locations in London, Oslo, Warsaw, and Norfolk. The move emphasizes access to a deep financial services talent pool and long-term regional growth. In context of recent financing actions and Q3 2025 results, investors may watch how the new office supports collections performance, operating efficiency, and scalability over the coming years as the company builds on its 30-year track record.

Key Terms

nonperforming loans

1 terms

nonperforming loans financial

"a global leader in acquiring and collecting nonperforming loans, will open an Uptown"

Nonperforming loans are loans on which borrowers have stopped making the scheduled interest or principal payments for an extended period (commonly 90 days or more) or are otherwise in serious danger of default. Think of them as IOUs that aren’t being repaid: they tie up a lender’s money, reduce future interest income, and force the lender to hold extra reserves or take losses. For investors, a rising share of nonperforming loans signals weakening credit quality, higher potential losses, and greater risk to a bank’s profitability and capital.

AI-generated analysis. Not financial advice.

NORFOLK, Va., Jan. 30, 2026 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will open an Uptown Charlotte office in early February 2026. Located in One South, a landmark 40-story office tower at the intersection of Trade and Tryon, the new space marks a strategic expansion into one of the nation's fastest-growing financial markets.

Charlotte will join London, United Kingdom; Oslo, Norway; Warsaw, Poland; and the company's global headquarters in Norfolk, Va., as a PRA Group talent hub. The Charlotte metropolitan area was chosen in part due to its established financial services talent base, highly ranked quality of life, long-term economic growth and convenient access to a major international airport.

"Our talent hubs allow us to access large pools of skilled professionals and to create locations where cross-functional teams can work together across our business," said PRA Group President and CEO Martin Sjolund. "We are excited to join the Charlotte business community as we celebrate and build on 30 years as a trusted leader in the nonperforming loan industry."

About PRA Group
As a global leader in acquiring and collecting nonperforming loans, PRA Group, Inc. returns capital to banks and other creditors to help expand financial services for consumers in the Americas, Europe and Australia. With thousands of employees worldwide, PRA Group companies collaborate with customers to help them resolve their debt. For more information, please visit www.pragroup.com.

Media Contact:
Allison Herman
Manager, Public Relations and Strategic Communication
(757) 381-5205
MediaInquiries@PRAGroup.com

Investor Contact:
Najim Mostamand, CFA
Vice President, Investor Relations
(757) 431-7913
IR@PRAGroup.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/pra-group-announces-opening-of-uptown-charlotte-office-302675030.html

SOURCE PRA Group, Inc.

FAQ

When will PRA Group (PRAA) open its Uptown Charlotte office?

PRA Group plans to open the Uptown Charlotte office in early February 2026. According to the company, the new location at One South will begin operations that month to support regional hiring and business activities.

Where is the new PRA Group (PRAA) Uptown Charlotte office located?

The office is located at One South, a 40-story tower at Trade and Tryon in Uptown Charlotte. According to the company, the landmark address positions the hub in a central financial district with airport access.

Why did PRA Group (PRAA) choose Charlotte for a talent hub?

PRA Group chose Charlotte for its established financial services talent base and quality of life. According to the company, long-term economic growth and convenient international airport access also influenced the decision.

How does the Charlotte office fit PRA Group's (PRAA) global footprint?

Charlotte will join PRA Group hubs in London, Oslo, Warsaw and Norfolk as part of its global talent network. According to the company, the hub strategy enables cross-functional teams to work together across geographies.

Will the PRA Group (PRAA) Charlotte office create hiring opportunities?

Yes — the company intends the Charlotte hub to access large pools of skilled professionals and support hiring. According to the company, the location is intended to build cross-functional teams across the business.

What strategic benefits does PRA Group (PRAA) expect from the Uptown Charlotte office?

The company expects improved access to financial services talent and regional market presence from the Charlotte hub. According to the company, the move supports collaboration, hiring and long-term growth objectives as it marks 30 years in business.