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Pagaya Announces Proposed Unsecured Senior Notes Offering

1. Pagaya plans to offer $450 million in senior notes due 2030. 2. The move aims to strengthen financial resources under market conditions.

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FAQ

Why Bullish?

Issuing senior notes shows confidence in financial stability, similar to past successful offerings by tech companies that boosted stock prices.

How important is it?

The capital raised can fund strategic investments, potentially enhancing growth and profitability, which investors favor.

Why Long Term?

The proceeds from the notes can be used for growth initiatives, positively affecting PGY's market position over time.

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NEW YORK--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) (“Pagaya” or the “Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced that its wholly owned subsidiary, Pagaya US Holding Company LLC (“Pagaya US”), intends to offer, subject to market and other conditions, $450 million aggregate principal amount of unsecured senior notes due 2030 (the “notes”) in a private offering to persons reasonably believed to be qualifi.

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