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PRA Group expands North American credit facility

PRA Group increased the U.S. revolving portion of its North American credit facility by $363 million, for a total North American revolving credit facility of approximately $1.12 billion.

The amendment to the credit facility also includes an increase in the accordion feature to $500 million from $45 million. The revolving portion of the European credit facility was reduced to $800 million, reflecting a decrease of $100 million.

The term loan portion of the facility, the rates and the maturity were not changed.