Pagaya Technologies Upsizes Debt Offering to $500 Million in Senior Unsecured Notes Due to Strong Demand

Reuters

07-24

Pagaya Technologies Upsizes Debt Offering to $500 Million in Senior Unsecured Notes Due to Strong Demand

Pagaya Technologies Ltd. (NASDAQ: PGY) has announced the pricing of an upsized $500 million aggregate principal amount of 8.875% senior unsecured notes due in 2030. This offering, conducted by Pagaya's wholly owned subsidiary Pagaya US Holding Company LLC, was increased from a previous size of $450 million due to strong demand. The notes are priced at 100% of their principal amount and are set to mature on August 1, 2030, with interest accruing at a rate of 8.875% per annum, payable semi-annually beginning February 1, 2026. The issuance is expected to settle on July 28, 2025, subject to customary closing conditions. Net proceeds estimated at approximately $491 million will be used to repay existing debt facilities and for general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pagaya Technologies Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250723401286) on July 23, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pagaya Technologies Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250723401286) on July 23, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PGY","symbol_name":"Pagaya Technologies Ltd.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250723:nNDL9Ms4rl:1","article_id":"2553322330","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2553322330","pubTimestamp":1753305316,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Pagaya Technologies Ltd.  has announced the pricing of an upsized $500 million aggregate principal amount of 8.875% senior unsecured notes due in 2030. 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