PRA Group extends $2.3B credit facilities to 2029, improves covenant flexibility

PRA GROUP INC

North American credit facility maturity extended to October 2029; commitments increased $40M to $1.548B.
UK credit facility maturity extended to October 2029; commitments reduced to $725M from $800M.
European credit facility amended to conform covenants: leverage cap 2.50x, fixed charge ratio 2.00x.
Pricing unchanged at 2.25% (North America) and 2.75% (UK) over benchmark.
CFO says extended facilities provide financial flexibility to capitalize on portfolio supply.

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