Date of Report (Date of Earliest Event Reported): | June 12, 2015 |
Delaware | 000-50058 | 75-3078675 |
_____________________ (State or other jurisdiction | _____________ (Commission | ______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
120 Corporate Boulevard, Norfolk, Virginia | 23502 | |
_________________________________ (Address of principal executive offices) | ___________ (Zip Code) |
Registrant’s telephone number, including area code: | 888-772-7326 |
PRA Group, Inc. | ||||
June 16, 2015 | By: | /s/ Keven P. Stevenson | ||
Name: Kevin P. Stevenson | ||||
Title: EVP/CFO | ||||
FIRST AMENDMENT AND RESTATEMENT AGREEMENT dated 12 June 2015 to the USD 500,000,000 MULTICURRENCY REVOLVING CREDIT FACILITY AGREEMENT originally dated 23 October 2014 for SHCO 54 S.à.r.l arranged by DNB Bank ASA, Nordea Bank Norge ASA and Swedbank AB (publ) with DNB Bank ASA acting as Facility Agent, Security Agent and Bookrunner | ||
www.bahr.no |
CONTENTS | |
Clause | Page |
1. | DEFINITIONS | 3 | |
2. | CONDITIONS PRECEDENT | 4 | |
3. | REPRESENTATIONS | 4 | |
4. | AMENDMENT AND RESTATEMENT | 4 | |
5. | MISCELLANEOUS | 5 | |
6. | GOVERNING LAW | 5 | |
(1) | SHCO 54 S.a r.l., a private limited liability company (société à responsabilité limitée) incorporated under the laws of Luxembourg, having a share capital of EUR 12,500 and its registered office at 6, rue Eugène Ruppert, L-2456 Luxembourg, Grand Duchy of Luxembourg, registered with the Luxemburg Trade and Companies Register under number B183422) and acting through its Swiss branch office (the “Swiss Branch”)at c/o Interconsulta Revisions- und Treuhand AG, Poststrasse 9, 6300 Zug, Switzerland (registration number CHE-305.746.539) (each a “Borrower”, together the “Borrowers”); |
(2) | THE GUARANTORS listed in Schedule 2 hereto (the “Guarantors”); |
(3) | DNB Bank ASA, of Dronning Eufemias gate 30, 0191 Oslo, Norway (registration number 984 851 006) as mandated lead arranger, Nordea Bank Norge ASA of (registration number 911 044 110) and Swedbank AB (publ) of (registration number 502017-7753) (the “Mandated Lead Arrangers”); |
(4) | DNB Bank ASA, of Dronning Eufemias gare 30, 0191 Oslo, Norway (registration number 984 851 006) as bookrunner (the “Bookrunner”). |
(5) | DNB Bank ASA, Nordea Bank Norge ASA and Swedbank AB (publ) as lenders (the “Lenders”); and |
(6) | DNB Bank ASA, of Dronning Eufemias gate 30, 0191 Oslo, Norway (registration number 984 851 006) as agent on behalf of itself and the Finance Parties (as defined in the Facility Agreement) (the “Facility Agent”), collectively referred to as the “Parties”. |
(A) | Pursuant to the Original Facility Agreement, the Lenders have granted to the Borrower a loan in the amount of up to USD 500,000,000 for the purpose described therein. |
(B) | The Parties have entered into this Agreement as a consequence of the Borrower having requested the Lenders to increase the Total Commitments to USD 750,000,000 pursuant to the option set out in clause 2.2 of the Original Facility Agreement and which the Lenders have agreed to. |
(C) | The Parties have also agreed to document the amendments to the Original Facility Agreement required in relation to the Borrower’s upcoming investments in Poland and Italy in this Agreement. |
1. | DEFINITIONS |
2. | CONDITIONS PRECEDENT |
3. | REPRESENTATIONS |
(a) | on the date of this Agreement; and |
(b) | on the Effective Date. |
4. | AMENDMENT AND RESTATEMENT |
4.1. | Amendment and restatement |
4.2. | Continuing obligations |
4.3. | Confirmation of guarantee and security |
4.4. | Confirmation of English law security |
5. | MISCELLANEOUS |
6. | GOVERNING LAW |
The Borrowers: | ||
SHCO 54 S.à.r.l | SHCO 54 S.à.r.l Luxemburg, Zug Branch | |
By: /s/ Tom Stian Haugerud | By: /s/ Tom Stian Haugerud | |
Name: Tom Stian Haugerud | Name: Tom Stian Haugerud | |
Title: Power of Attorney | Title: | |
For the purposes of Article 1 of the Protocol annexed to the Convention on Jurisdiction and the Enforcement of Proceedings in Civil and Commercial Matters done at Lugano on 16th September 1988 the undersigned hereby expressly and specifically accepts the jurisdiction of the Norwegian Courts. By: /s/ Tom Stian Haugerud Name: ____________________ Title: ____________________ | ||
The Guarantors | ||
PRA Group Europe AS (formerly Aktiv Kapital AS) | PRA Group Norge AS | |
By: /s/ Tom Stian Haugerud | By: /s/ Tom Stian Haugerud | |
Name: | Name: | |
Title: | Title: | |
PRA Group Deutschland GmbH | PRA Group (UK) Ltd | |
By: /s/ Tom Stian Haugerud | By: /s/ Tom Stian Haugerud | |
Name: | Name: | |
Title: | Title: | |
PRA Suomi Oy | PRA Group Inkasso Österreich GmbH | |
By: /s/ Tom Stian Haugerud | By: /s/ Tom Stian Haugerud | |
Name: | Name: | |
Title: | Title: |
PRA Group Switzerland Portfolio AG | Aktiv Kapital Portfolio Oy | |
By: /s/ Tom Stian Haugerud | By: /s/ Tom Stian Haugerud | |
Name: | Name: | |
Title: | Title: | |
Aktiv Kapital Financial Services AS | PRA Group Sverige AB | |
By: /s/ Tom Stian Haugerud | By: /s/ Tom Stian Haugerud | |
Name: | Name: | |
Title: | Title: | |
Aktiv Kapital Portfolio AS | AKTIV KAPITAL PORTFOLIO AS, Oslo, Zweigniederlassung Zug | |
By: /s/ Tom Stian Haugerud | By: /s/ Tom Stian Haugerud | |
Name: | Name: | |
Title: | Title: | |
PRA Iberia SLU | PRA Group Österreich Portfolio GmbH | |
By: /s/ Tom Stian Haugerud | By: /s/ Tom Stian Haugerud | |
Name: | Name: | |
Title: | Title: | |
The Facility Agent: | The Security Agent: | |
DNB Bank ASA | DNB Bank ASA | |
By: /s/ Ole A. Kruge | By: /s/ Ole A. Kruge | |
Name: Ole A. Kruge | Name: Ole A. Kruge | |
Title: SVP | Title: SVP | |
The Lenders: | ||
DNB Bank ASA | ||
By: /s/ Ole A. Kruge | ||
Name: Ole A. Kruge | ||
Title: SVP |
The Mandated Lead Arrangers | The Bookrunner | |
DNB Markets | DNB Markets | |
By: /s/ Ole A. Kruge | By: /s/ Ole A. Kruge | |
Name: Ole A. Kruge | Name: Ole A. Kruge | |
Title: SVP | Title: SVP | |
Nordea Bank Norge ASA | ||
By: /s/ Kristine Weum | ||
Name: Kristine Weum | ||
Title: RM | ||
Title: | ||
Swedbank AB (publ) | ||
By: /s/ Rikard Talling | ||
Name: Rikard Talling | ||
Title: Director |