debt
confidence high
sentiment neutral
materiality 0.65
Pagaya subsidiary to offer $450M unsecured senior notes due 2030 for refinancing
Pagaya Technologies Ltd.
- Pagaya US intends to offer $450M unsecured senior notes due 2030 in a private offering.
- Proceeds to repay all amounts outstanding under existing credit facilities and $75M of secured borrowings.
- Notes to be guaranteed on a senior unsecured basis by Pagaya and certain subsidiaries.
- Remaining proceeds used for general corporate purposes and related fees and expenses.
item 8.01item 9.01