secwatch.observer — SEC 8-K summary
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Issuer:     Pagaya Technologies Ltd. (PGY)
CIK:        0001883085
Form:       8-K
Filed at:   2025-07-23T23:59:59+00:00
Accession:  0001883085-25-000155
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883085/000188308525000155/0001883085-25-000155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883085/000188308525000155/pgy-20250723.htm
  HTML page:      https://secwatch.observer/filing/0001883085-25-000155

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