Seeking Alpha

Portfolio Recovery Associates, Inc. (PRAA)

  • Apr. 7, 2014, 4:28 PM
    • 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,
    | Apr. 7, 2014, 4:28 PM | Comment!
  • Feb. 19, 2014, 5:50 PM
    • Portfolio Recovery Associates (PRAA) +4.9% AH after agreeing to acquire Aktiv Kapital for $880M plus $435M of corporate debt, in a deal that will create one of the world's largest acquirers of non-performing consumer debt from banks and other creditors.
    • PRAA says Aktiv Kapital will provide it with access to sellers of consumer debt in new markets beyond the U.S. and the U.K., and a platform for growing investment in and servicing of consumer debt across Europe.
    • Earlier: Q4 earnings.
    | Feb. 19, 2014, 5:50 PM | Comment!
Visit Seeking Alpha's
PRAA vs. ETF Alternatives
Company Description
PRA Group Inc acquiresnon-performing consumer debt, returns capital tobanks and other creditors to help expand financial services for consumers in North America and Europe.
Sector: Services
Country: United States