Loan & DebtMay 5, 2026, 04:13 PM
PRA Group Extends \u20ac730M European Credit Facility to April 2031
AI Summary
PRA Group, Inc. announced the amendment and extension of its \u20ac730 million European revolving credit facility. The maturity date for the facility was extended from November 23, 2027, to April 30, 2031, with no change to the commitment level or pricing. This proactive move strengthens the company's capital structure and further staggers its debt maturity profile, aligning with its PRA 3.0 strategy.
Key Highlights
- Maturity date extended from November 23, 2027, to April 30, 2031.
- Maximum ERC ratio reduced from 45.0% to 40.0%.
- Borrowers can make investments/loans to joint ventures up to \u20ac100 million.
- Total commitment amount for the facility remains at \u20ac730 million.
- The amendment was completed well in advance of the original maturity.
- No change to the commitment level and pricing of the facility.
Price Impact
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