Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PRA GROUP INC incurred revolving credit of EUR 730.0 million with DNB Bank ASA, as facility agent and security agent at the benchmark rate applicable to the relevant currency plus an applicable margin maturing November 23, 2027.
- Instrument
- revolving credit
- Principal
- EUR 730.0 million
- Counterparty
- DNB Bank ASA, as facility agent and security agent
- Rate
- the benchmark rate applicable to the relevant currency plus an applicable margin
- Maturity
- November 23, 2027
- Event
- incurrence
Exact text from the filing
The Replacement Facility Agreement consists of an EUR 730.0 million revolving credit facility (subject to a borrowing base) and an uncommitted accordion feature for up to EUR 500.0 million, subject to certain conditions.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
PRA GROUP INC terminated Prior Facility Agreement (effective 2022-11-23).
- Action
- termination
- Agreement
- credit facility
- Effective
- 2022-11-23
Exact text from the filing
On November 23, 2022, in connection with the effectiveness of the Replacement Facility Agreement, the Borrowers transferred in full the outstanding aggregate principal amount of all loans, together with all accrued and unpaid interest thereon, under the Prior Facility Agreement the the Replacement Facility Agreement and, in connection with such transfer, the Prior Facility Agreement, including all commitments thereunder, was terminated.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
PRA GROUP INC entered into Replacement Facility Agreement with the lenders party thereto and DNB Bank ASA, as facility agent and security agent valued at EUR 730.0 million (effective 2022-11-23).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- the lenders party thereto and DNB Bank ASA, as facility agent and security agent
- Value
- EUR 730.0 million
- Effective
- 2022-11-23
Exact text from the filing
On November 23, 2022, PRA Group Europe Holding S.a r.l. (“PRA Group Europe”), a wholly owned subsidiary of PRA Group, Inc. (the “Company”), and its Swiss Branch, PRA Group Europe Holding S.a r.l. (“PRA Group Holding”), Luxembourg, Zug Branch (together, the “Borrowers”), along with certain of their affiliates and the Company, as guarantors, entered into a multicurrency revolving credit facility agreement (the “Replacement Facility Agreement”) with the lenders party thereto and DNB Bank ASA, as facility agent and security agent (the “Agent”).
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