Seeking Alpha

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.
  • Press release
  • Previously: Portfolio Recovery to acquire Aktiv Kapital for $880M,
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