Pagaya Announces Pricing of Upsized $500 Million 8.875% Senior Unsecured Notes Offering | Pagaya Technologies
Summary
Pagaya Technologies priced an upsized $500 million private offering of senior unsecured notes due 2030. Strong investor demand pushed the size above the previously announced $450 million. The company plans to use most of the proceeds to repay existing credit facilities and about $100 million of secured borrowings. It will use the rest for general corporate purposes and expects the deal to settle on July 28, 2025. Pagaya says its AI-driven API and capital solutions support financial ecosystem partners.
Funding
Amount
$500.0M
Total raised
Date
July 23, 2025
Announcement date
Investors
-
Lead investors
Company
pagaya.com
Funded company
Classifications
industries
Fintech & Banking
applications
AI & Machine learning
AskAI Classifications
Labels
Artificial Intelligence
Financial Technology
SaaS
Linked Companies
Pagaya
$1M to $5M