PRA Group Announces Amendment and Extension of North American and United Kingdom Credit Agreements
PRA PRA (US:PRAA) Prnewswire·2024-10-31 20:05

Core Points - PRA Group, Inc. amended and extended its North American and UK credit agreements, totaling $2.3 billion, for five years to October 2029 with unchanged pricing [1][2] - The interest margin remains at 2.25% for the North American Credit Agreement and 2.75% for the UK Credit Agreement [1] - The company expresses gratitude for the support from existing and new lenders, highlighting the financial flexibility this provides for future growth [2] Company Overview - PRA Group, Inc. is a global leader in acquiring and collecting nonperforming loans, helping to return capital to banks and creditors to enhance financial services for consumers in the Americas, Europe, and Australia [3]