---
schema_version: "secwatch.filing_event.v1"
accession: "0001883085-25-000155"
form_type: "8-K"
ticker: "PGY"
cik: "0001883085"
company_name: "Pagaya Technologies Ltd."
filed_at: "2025-07-23T23:59:59+00:00"
generated_at: "2026-05-18T03:40:06.248422+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Pagaya prices upsized $500M 8.875% senior unsecured notes due 2030 to refinance debt

## Summary
- Offering upsized to $500M from $450M; net proceeds est. ~$491M after discounts and expenses.
- 8.875% coupon payable semi-annually; notes mature August 1, 2030.
- Proceeds to repay all existing credit facilities and ~$100M of secured borrowings; remainder for general corporate purposes.
- Notes fully and unconditionally guaranteed on a senior unsecured basis by Pagaya and its guarantor subsidiaries.
- Settlement scheduled for July 28, 2025, subject to customary closing conditions.

## SEC filing metadata
- accession: 0001883085-25-000155
- form_type: 8-K
- ticker: PGY
- cik: 0001883085
- company_name: Pagaya Technologies Ltd.
- filed_at: 2025-07-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883085/000188308525000155/0001883085-25-000155-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883085/000188308525000155/pgy-20250723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001883085-25-000155
- JSON: https://secwatch.observer/filing/0001883085-25-000155.json
- Plain text: https://secwatch.observer/filing/0001883085-25-000155.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.