Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Pagaya Technologies Ltd. incurred revolving credit of $132 million with BMO BANK N.A., Valley National Bank, Wells Fargo Bank, National Association, Citizens Bank N.A., The Toronto-Dominion Bank, New York Branch, Texas Capital Bank, Israel Discount Bank Ltd, Canadian Imperial Bank of Commerce, New York Branch at base rate plus 2.50% or adjusted term SOFR plus 3.50% maturing October 2, 2028.
- Instrument
- revolving credit
- Principal
- $132 million
- Counterparty
- BMO BANK N.A., Valley National Bank, Wells Fargo Bank, National Association, Citizens Bank N.A., The Toronto-Dominion Bank, New York Branch, Texas Capital Bank, Israel Discount Bank Ltd, Canadian Imperial Bank of Commerce, New York Branch
- Rate
- base rate plus 2.50% or adjusted term SOFR plus 3.50%
- Maturity
- October 2, 2028
- Event
- incurrence
Exact text from the filing
the 2024 Credit Agreement. The 2025 Credit Agreement provides for a senior secured revolving credit facility (the “Revolving Credit Facility”) in an initial committed amount of $132 million. The lenders include BMO BANK N.A., Valley National Bank, Wells Fargo Bank, National Association, Citizens Bank N.A., The Toronto-Dominion Bank, New York Branch, Texas Capital
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