PRA Group merges credit facility tranches into $1.1 billion revolver

By Wendy Van Sickle

Columbus, Ohio, March 29 – PRA Group, Inc. and its Swiss Branch, PRA Group Europe Holding Sarl, amended their multicurrency European credit facility on March 25 to merge the term loan and revolving credit facility into a $1.1 billion revolver, according to an 8-K filing with the Securities and Exchange Commission.

The amendment also increased all applicable interest margins by 5 basis points.

The credit facility is originally dated Oct. 23, 2014.

PRA Group is a debt buyer based in Norfolk, Va.

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