PRA Group, Inc. reports news on its specialty finance business acquiring, collecting and managing nonperforming loan portfolios. Company updates commonly cover cash collections, portfolio purchases, estimated remaining collections, net income, adjusted EBITDA and performance across its U.S. and European businesses.
Recurring announcements also address capital structure actions, including European credit facilities and senior notes, as well as investor presentations, strategy updates, office and talent-hub expansion, and financial-inclusion initiatives tied to the company’s work with consumers resolving debt in the Americas, Europe and Australia.
PRA Group, Inc. (Nasdaq: PRAA), a leader in acquiring nonperforming loans, will announce its second quarter 2020 results on August 6, 2020, after market close. A webcast and conference call will follow at 5 p.m. E.T.. Investors can listen to the call by calling 844-835-9982 in the U.S. or 412-317-5267 internationally. The company also plans to report its third quarter results on November 5, 2020. For more details, visit their investor relations page.
PRA Group (Nasdaq: PRAA) announced the appointment of Brett Paschke to its Board of Directors effective July 1, 2020. Paschke, a partner and managing director at William Blair & Company, will serve on the Audit and Compliance Committees. He has extensive experience in capital markets, having led the Equity Capital Markets Group since 2009. His expertise in nonperforming loans and public company strategies is expected to enhance PRA's strategic direction. Paschke holds a BA from Princeton University and an MBA from Harvard Business School.
PRA Group, Inc. (Nasdaq: PRAA) announced the resignation of Geir Olsen from its board of directors effective June 14, 2020, to focus on other business obligations. Olsen, who led PRA Group Europe since its acquisition of Aktiv Kapital in July 2014, had been a board member since January 2016, contributing valuable insights and leadership. Chairman Steve Fredrickson expressed gratitude for Olsen's contributions, particularly in navigating the European market. Olsen acknowledged the positive experiences during his tenure and wished the company continued success.