{"schema_version":"secwatch.filing_event.v1","accession":"0001185348-26-000017","form_type":"8-K","ticker":"PRAA","cik":"0001185348","company_name":"PRA GROUP INC","filed_at":"2026-05-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.041580+00:00","generated_at":"2026-05-14T23:13:59.336960+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"PRA Group extends €730M European credit facility to April 2031, reduces ERC ratio to 40%","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001185348-26-000017","json":"https://secwatch.observer/filing/0001185348-26-000017.json","markdown":"https://secwatch.observer/filing/0001185348-26-000017.md","text":"https://secwatch.observer/filing/0001185348-26-000017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1185348/000118534826000017/0001185348-26-000017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1185348/000118534826000017/praa-20260430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T23:13:59.336960+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"606625605f15e8649a0f402d126bf77ef72183d0","claim":"PRA GROUP INC amended revolving credit with DNB Bank ASA maturing April 30, 2031.","evidence_excerpt":"(\"PRA Group Holding\"), Luxembourg, Zug Branch, (together, the \"Borrowers\"), entered into the Second Amended and Restated Credit Agreement (the \"Second A&R European Credit Agreement\") with the lenders party thereto (\"EU Lenders\") and DNB Bank ASA as facility agent and security agent (the \"EU Agent\"), amending and restating the Company’s existing €730 million European revolving credit facility entered into on November 23, 2022, as amended and restated on April 24, 2025 (the “Prior Credit Agreement”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1185348/000118534826000017/0001185348-26-000017-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Counterparty","value":"DNB Bank ASA"},{"label":"Maturity","value":"April 30, 2031"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"8b5db3fd7ae6bd2301c920319ca9f5534560993a","claim":"PRA GROUP INC amended Second A&R European Credit Agreement with the lenders party thereto and DNB Bank ASA as facility agent and security agent valued at €730 million (effective 2026-04-30).","evidence_excerpt":"On April 30, 2026, PRA Group Europe Holding S.à r.l. (\"PRA Group Europe Holding\"), a wholly-owned subsidiary of PRA Group, Inc. (the “Company”), and its Swiss Branch, PRA Group Europe Holding S.à r.l. (\"PRA Group Holding\"), Luxembourg, Zug Branch, (together, the \"Borrowers\"), entered into the Second Amended and Restated Credit Agreement (the \"Second A&R European Credit Agreement\") with the lenders party thereto (\"EU Lenders\") and DNB Bank ASA as facility agent and security agent (the \"EU Agent\"), amending and restating the Company’s existing €730 million European revolving credit facility","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1185348/000118534826000017/0001185348-26-000017-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"the lenders party thereto and DNB Bank ASA as facility agent and security agent"},{"label":"Value","value":"€730 million"},{"label":"Effective","value":"2026-04-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}