secwatch.observer — SEC 8-K summary
======================================

Issuer:     PRA GROUP INC (PRAA)
CIK:        0001185348
Form:       8-K
Filed at:   2022-11-28T23:59:59+00:00
Accession:  0001185348-22-000033
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PRA Group refinances European credit facility with €730M revolving line
-----------------------------------------------------------------------

- Replaces $750M prior facility with €730M revolving credit facility maturing Nov 2027.
- Uncommitted accordion feature for up to €500M, subject to conditions.
- Borrowings available in EUR, NOK, DKK, SEK, PLN; interest at benchmark plus margin.
- Proceeds to refinance debt, finance loan portfolios, and for general corporate purposes.
- Parent guarantee and secured by equity interests in certain operating subsidiaries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1185348/000118534822000033/0001185348-22-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1185348/000118534822000033/praa-20221123.htm
  HTML page:      https://secwatch.observer/filing/0001185348-22-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer