PRA Group Announces Amendment and Extension of North American and United Kingdom Credit Agreements
PRA Group has successfully amended and extended its North American and UK Credit Agreements through October 2029, maintaining a total commitment amount of $2.3 billion. The interest margins remain unchanged at 2.25% for North America and 2.75% for the UK. The company's CFO, Rakesh Sehgal, emphasized that these extensions provide financial flexibility for business transformation and growth, positioning PRA Group to capitalize on the strong portfolio supply environment through cash generation, credit facilities, and capital market access in both the U.S. and Europe.
PRA Group ha modificato con successo e prolungato i suoi Contratti di Credito per il Nord America e il Regno Unito fino a ottobre 2029, mantenendo un importo totale di impegno di 2,3 miliardi di dollari. I margini di interesse rimangono invariati al 2,25% per il Nord America e al 2,75% per il Regno Unito. Il CFO dell'azienda, Rakesh Sehgal, ha sottolineato che queste estensioni offrono flessibilità finanziaria per la trasformazione e la crescita aziendale, posizionando PRA Group per sfruttare l'ambiente favorevole dell'offerta di portafoglio attraverso la generazione di liquidità, strutture di credito e accesso ai mercati dei capitali sia negli Stati Uniti che in Europa.
PRA Group ha modificado y extendido con éxito sus Acuerdos de Crédito de América del Norte y del Reino Unido hasta octubre de 2029, manteniendo un importe total comprometido de 2,3 mil millones de dólares. Los márgenes de interés permanecen sin cambios en el 2,25% para América del Norte y el 2,75% para el Reino Unido. El CFO de la empresa, Rakesh Sehgal, enfatizó que estas extensiones proporcionan flexibilidad financiera para la transformación y el crecimiento empresarial, posicionando a PRA Group para capitalizar el fuerte entorno de oferta de portafolios a través de la generación de efectivo, facilidades de crédito y acceso a los mercados de capitales tanto en EE. UU. como en Europa.
PRA 그룹은 북미 및 영국 신용 계약을 2029년 10월까지 성공적으로 수정하고 연장하였으며, 총 약정 금액은 23억 달러로 유지됩니다. 이자 마진은 북미에서 2.25%, 영국에서 2.75%로 변동이 없습니다. 회사의 CFO인 Rakesh Sehgal은 이러한 연장이 사업의 전환 및 성장에 대한 재정적 유연성을 제공하며, PRA 그룹이 미국과 유럽 모두에서 현금 창출, 신용 시설 및 자본 시장 접근을 통해 강력한 포트폴리오 공급 환경을 활용할 수 있도록 위치를 잡고 있다고 강조했습니다.
PRA Group a réussi à modifier et à prolonger ses Accords de Crédit Nord-Américains et Britanniques jusqu'en octobre 2029, en maintenant un montant d'engagement total de 2,3 milliards de dollars. Les marges d'intérêt restent inchangées à 2,25 % pour l'Amérique du Nord et à 2,75 % pour le Royaume-Uni. Le directeur financier de l'entreprise, Rakesh Sehgal, a souligné que ces prolongements offrent une flexibilité financière pour la transformation et la croissance de l'entreprise, positionnant PRA Group pour tirer parti de l'environnement d'offre de portefeuille solide grâce à la génération de liquidités, aux facilités de crédit et à l'accès aux marchés des capitaux tant aux États-Unis qu'en Europe.
PRA Group hat erfolgreich seine North American und UK Kreditverträge bis Oktober 2029 geändert und verlängert und dabei einen Gesamtengagementbetrag von 2,3 Milliarden Dollar beibehalten. Die Zinsspannen bleiben unverändert bei 2,25% für Nordamerika und 2,75% für das Vereinigte Königreich. Der CFO des Unternehmens, Rakesh Sehgal, betonte, dass diese Verlängerungen finanzielle Flexibilität für die Unternehmensumwandlung und -wachstum bieten und PRA Group in eine Position bringen, um die starke Portfolio-Angebotslage durch Liquiditätsgenerierung, Kreditfazilitäten und Zugang zu den Kapitalmärkten in den USA und Europa zu nutzen.
- Secured $2.3 billion in credit facilities extension until 2029
- Maintained same interest margin rates without increases
- Enhanced financial flexibility for future growth opportunities
- None.
Insights
The $2.3 billion credit facility extension represents a significant financial milestone for PRA Group, maintaining favorable terms with unchanged interest margins of
"We are pleased to be able to amend and extend our North American and
About PRA Group, Inc.
As a global leader in acquiring and collecting nonperforming loans, PRA Group, Inc. returns capital to banks and other creditors to help expand financial services for consumers in the
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Investor Contact:
Najim Mostamand, CFA
Vice President, Investor Relations
(757) 431-7913
IR@PRAGroup.com
News Media Contact:
Elizabeth Kersey
Senior Vice President, Communications and Public Policy
(757) 641-0558
Elizabeth.Kersey@PRAGroup.com
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SOURCE PRA Group, Inc.
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