XML 65 R52.htm IDEA: XBRL DOCUMENT
v3.23.3

Borrowings - European Revolving Credit Facility and Term Loan (Details) $ in Thousands, € in Millions, kr in Billions | 9 Months Ended |  |
--- | --- | --- | ---
Sep. 30, 2023 USD ($) | Sep. 30, 2023 EUR (€) | Sep. 30, 2023 SEK (kr) | Dec. 31, 2022 USD ($)
Line of Credit Facility [Line Items] |  |  |  |
Debt outstanding | $ 2,844,981 |  |  | $ 2,505,251
European Revolving Credit Facility | Revolving Credit Facility |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Unused portion | 337,900 |  |  |
Additional borrowing capacity | $ 187,800 |  |  |
Loan-to-value covenant | 45.00% |  |  |
Debt Instrument, covenant, interest bearing deposits, maximum | kr |  |  | kr 1.2 |
Credit agreement consolidated leverage ratio | 3.50 | 3.50 | 3.50 |
Consolidated senior secured leverage ratio | 2.25 | 2.25 | 2.25 |
European Revolving Credit Facility | Overdraft Facility |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Maximum borrowing capacity | $ 40,000 |  |  |
Facility line fee | 0.125% |  |  |
Line of Credit | Europe revolving credit |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Debt outstanding | $ 473,873 |  |  | $ 419,856
Line of Credit | European Revolving Credit Facility | Revolving Credit Facility |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Maximum borrowing capacity | € |  | € 730.0 |  |
Long Term Line of Debt, Accordion Feature | € |  | € 500.0 |  |
Unused commitment fee | 1.085% |  |  |
Unused line fee as a percentage of margin | 35.00% |  |  |
Current borrowing capacity | $ 150,100 |  |  |
Line of Credit Facility, Unused Capacity, Floor | 0 | 0 | 0 |
Minimum | Interbank Offered Rate (IBOR) | Line of Credit | European Revolving Credit Facility | Revolving Credit Facility |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Basis spread variable rate | 2.80% |  |  |
Maximum | Interbank Offered Rate (IBOR) | Line of Credit | European Revolving Credit Facility | Revolving Credit Facility |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |
Basis spread variable rate | 3.80% |  |  |

X
- Definition Credit agreement consolidate leverage ratio. + References No definition available. + Details
Name: | praa_CreditAgreementConsolidatedLeverageRatio
Namespace Prefix: | praa_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | instant

X
- Definition Credit Agreement, Consolidated Senior Secured Leverage Ratio + References No definition available. + Details
Name: | praa_CreditAgreementConsolidatedSeniorSecuredLeverageRatio
Namespace Prefix: | praa_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | instant

X
- Definition Debt Instrument, Covenant, Interest Bearing Deposits, Maximum + References No definition available. + Details
Name: | praa_DebtInstrumentCovenantInterestBearingDepositsMaximum
Namespace Prefix: | praa_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Debt, Long-term and Short-term, Gross, Combined Amount + References No definition available. + Details
Name: | praa_DebtLongtermandShorttermGrossCombinedAmount
Namespace Prefix: | praa_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line Of Credit Facility, Additional Borrowing Capacity + References No definition available. + Details
Name: | praa_LineOfCreditFacilityAdditionalBorrowingCapacity
Namespace Prefix: | praa_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line of Credit Facility, Unused Capacity, Floor + References No definition available. + Details
Name: | praa_LineOfCreditFacilityUnusedCapacityFloor
Namespace Prefix: | praa_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line of Credit Facility, Covenant, Loan-to-Value + References No definition available. + Details
Name: | praa_LineofCreditFacilityCovenantLoantoValue
Namespace Prefix: | praa_
Data Type: | dtr-types1:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line of Credit Facility, Unused Capacity, Commitment Fee as a Percentage of Margin + References No definition available. + Details
Name: | praa_LineofCreditFacilityUnusedCapacityCommitmentFeeasaPercentageofMargin
Namespace Prefix: | praa_
Data Type: | dtr-types1:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Long Term Line of Debt, Accordion Feature + References No definition available. + Details
Name: | praa_LongTermLineOfDebtAccordionFeature
Namespace Prefix: | praa_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityCommitmentFeePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(f)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_LineOfCreditFacilityLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DebtInstrumentAxis=praa_EuropeanRevolvingFacilityandTermLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=praa_OverdraftFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=praa_EuropeRevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=praa_InterbankOfferedRateIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |