PRA Group extends €730M European credit facility to April 2031, reduces ERC ratio to 40%

PRA GROUP INC

Maturity extended from November 2027 to April 30, 2031 on €730M revolving credit facility.
Maximum ERC ratio reduced from 45.0% to 40.0% under the amended agreement.
Borrowers may now make up to €100M aggregate in joint venture investments.
No change to commitment level or pricing; no maturities until 2028.
Amendment part of PRA 3.0 strategy to stagger debt maturity profile.

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