PRA Group Announces $1.2 Billion Credit Facility
PRA Group, Inc. (PRAA)
Last pra group, inc. earnings: 2/27 04:05 pm
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US:NASDAQ Investor Relations:
ir.pragroup.com/investors
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Source: GlobeNewswire
NORFOLK, Va., May 08, 2017 (GLOBE NEWSWIRE) -- PRA Group, Inc. (Nasdaq:PRAA), a global leader in acquiring and collecting nonperforming loans, today announced that on May 5, 2017 it amended and restated its North American credit facility. The expanded facility has a five-year term and total facility size of $1.2 billion consisting of a $450 million term loan facility and a $755 million revolving loan facility. This agreement includes significant increases in commitments by existing lenders as well as the addition of several new lenders to the facility. "Our bank group has been very supportive through the entire process. We are appreciative of the significant commitments from our long-time banking partners and extremely pleased to welcome new members to the bank group. We are focused on having adequate capital for investment during a time when the supply of charge-offs appears to be increasing in the United States. This new five-year facility addresses current year maturities
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PRAA
Earnings
- 2/15/24 - Beat
PRAA
Sec Filings
- 4/17/24 - Form 4
- 3/19/24 - Form 4
- 3/19/24 - Form 3
- PRAA's page on the SEC website