Pagaya Technologies Expands and Amends Credit Facility to $132 Million, Secures Lower Rates with Top-Tier Banks

Reuters

2025/10/02

Pagaya Technologies Expands and Amends Credit Facility to $132 Million, Secures Lower Rates with Top-Tier Banks

**Pagaya Technologies Expands and Amends Credit Facility to $132 Million at Lower Cost** Pagaya Technologies Ltd. (NASDAQ: PGY) announced it has amended and expanded its existing revolving credit facility to $132 million, more than doubling the previous $58 million facility. The new agreement significantly lowers Pagaya's cost of debt capital, reducing the interest rate by nearly 35% to SOFR+350 from SOFR+750. The facility now includes commitments from new top-tier banks-Wells Fargo, Citizens, TD Bank, and Texas Capital-in addition to increased commitments from existing lenders such as Bank of Montreal, Valley Bank, and CIBC. According to Pagaya's CFO Evangelos Perros, this expanded facility strengthens Pagaya's balance sheet, enhances financial flexibility, and positions the company for continued growth amid market volatility.

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: 20251002742791) on October 02, 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: 20251002742791) on October 02, 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":"LU1861220207.SGD","symbol_name":"Blackrock FinTech A2 SGD-H","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251002:nNDLb3z6ly:1","article_id":"2572551493","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2572551493","pubTimestamp":1759406452,"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 Expands and Amends Credit Facility to $132 Million at Lower Cost** Pagaya Technologies Ltd.  announced it has amended and expanded its existing revolving credit facility to $132 million, more than doubling the previous $58 million facility. 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The new agreement significantly lowers Pagaya's cost of debt capital, reducing the interest rate by nearly 35% to SOFR+350 from SOFR+750. The facility now includes commitments from new top-tier banks-Wells Fargo, Citizens, TD Bank, and Texas Capital-in addition to increased commitments from existing lenders such as Bank of Montreal, Valley Bank, and CIBC. According to Pagaya's CFO Evangelos Perros, this expanded facility strengthens Pagaya's balance sheet, enhances financial flexibility, and positions the company for continued growth amid market volatility.\n      \n\nDisclaimer: 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. 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