PRA raises borrowing capacity ahead of deal closing

|About: PRA Group, Inc. (PRAA)|By:, SA News Editor

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,