PRA Group Amends and Extends European Credit Agreement
PRA Group, Inc. (PRAA) has amended and extended its European Credit Agreement, increasing the maturity date from November 2027 to April 2031, with a total commitment of €730 million. The company emphasized that the amendment strengthens its capital structure and liquidity, with no changes to the commitment level or pricing. The move aligns with its PRA 3.0 strategy.
Tickers: $PRAA
Topics: capital structure corporate funding debt extension financial strategy