Debt buyer Portfolio Recovery Associates announced Monday it expanded its credit facility to prepare for the acquisition of Aktiv Kapital, which is one of the largest deals in accounts receivable management industry history.

The Norfolk, Va.-based company operates in the U.S., Canada and the UK. It increased the company's domestic revolving credit commitments by $214.5 million - from $628 million to $842.5 million - after modifying its credit agreement of December 2012.

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