PRA Group Announces Amendment And Extension Of North American And United Kingdom Credit Agreements
Portfolio Pulse from Benzinga Newsdesk
PRA Group, Inc. has amended and extended its North American and UK Credit Agreements, totaling $2.3 billion, with maturities extended to October 2029. The interest margins remain unchanged.
October 31, 2024 | 8:32 pm
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PRA Group, Inc. has successfully extended its North American and UK Credit Agreements, maintaining the same interest margins and extending maturities to 2029. This move secures $2.3 billion in credit facilities for the company.
The extension of credit agreements to 2029 with unchanged interest margins indicates financial stability and access to capital for PRA Group. This is likely to be viewed positively by investors, as it secures significant credit facilities for the company.
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