Walmart to Cut PhonePe Stake in IPO as Tiger Global and Microsoft Exit 
NTSB Opens Investigation Into Waymo Robotaxis After School Bus Safety Violations in Texas 
Ericsson Plans SEK 25 Billion Shareholder Returns as Margins Improve Despite Flat Network Market 
BitGo IPO Prices Above Range, Raises $212.8M in Landmark Crypto Market Debut 
Morgan Stanley Flags High Volatility Ahead for Tesla Stock on Robotaxi and AI Updates 
JPMorgan and Allen & Company Emerge as Big Winners in Warner Bros Discovery Bidding War 
U.S. Lawmakers Demand Scrutiny of TikTok-ByteDance Deal Amid National Security Concerns 
FSU Criticizes ANZ Over Suncorp Bank Job Cuts Amid Post-Acquisition Commitments 
Sanofi Reports Positive Late-Stage Results for Amlitelimab in Eczema Treatment 
Winter Storm Triggers Widespread Flight Cancellations Across U.S. as Airlines Urge Travelers to Rebook 
Apple China Holiday Sale Offers Discounts Up to 1,000 Yuan on Popular Devices 
SoftBank Shares Surge as AI Optimism Lifts Asian Tech Stocks 
Valero Makes First Venezuelan Crude Purchase Under New U.S.-Caracas Deal 
Exxon Mobil’s XTO Energy Explores Sale of Eagle Ford Shale Assets in South Texas 
Memory Chip Shortage Drives Higher Gadget Prices and Weakens Global Tech Demand 
Microsoft Restores Microsoft 365 Services After Widespread Outage 
Toyota Recalls 162,000 Tundra Vehicles in U.S. Over Multimedia Display Issue 
NORFOLK, Va., May 08, 2017 -- PRA Group, Inc. (Nasdaq:PRAA), a global leader in acquiring and collecting nonperforming loans, today announced that on May 5, 2017 it amended and restated its North American credit facility. The expanded facility has a five-year term and total facility size of $1.2 billion consisting of a $450 million term loan facility and a $755 million revolving loan facility. This agreement includes significant increases in commitments by existing lenders as well as the addition of several new lenders to the facility.
"Our bank group has been very supportive through the entire process. We are appreciative of the significant commitments from our long-time banking partners and extremely pleased to welcome new members to the bank group. We are focused on having adequate capital for investment during a time when the supply of charge-offs appears to be increasing in the United States. This new five-year facility addresses current year maturities and gives us $420 million of capacity for investment," said Pete Graham, executive vice president and chief financial officer for PRA Group.
About PRA Group
As a global leader in acquiring and collecting nonperforming loans, PRA Group, Inc. returns capital to banks and other creditors to help expand financial services for consumers in the Americas and Europe. With more than 4,000 employees worldwide, PRA Group companies collaborate with customers to help them resolve their debt and provide a broad range of additional revenue and recovery services to businesses. For more information, please visit www.pragroup.com.
Investor Contact: Darby Schoenfeld Director of Investor Relations (757) 431-7913 [email protected] News Media Contact: Nancy Porter Vice President, Corporate Communications (757) 431-7950 [email protected]
