PRA raises borrowing capacity ahead of deal closing


Portfolio Recovery Associates (PRAA) moves closer getting the financing together for its acquisition of Aktiv Kapital, with the boosting of its credit facility to $842.5M from $628M.

In addition to the financing, PRA says good progress has been made on the regulatory front and expects to close the deal this quarter.

Previously: Portfolio Recovery to acquire Aktiv Kapital for $880M,

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