Pagaya Announces Proposed Exchangeable Senior Notes Offering
Pagaya Technologies Ltd. (PGY)
Company Research
Source: Business Wire
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, $125 million aggregate principal amount of exchangeable senior notes due 2029 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Pagaya US also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $18.75 million principal amount of notes.The notes will be senior, unsecured obligations of Pagaya US, will accrue interest payable semi-annually in arrears and will m
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PGY
News
- Pagaya: Unwarranted Sell Off [Seeking Alpha]Seeking Alpha
- Pagaya Announces Pricing of Upsized $140 Million Exchangeable Senior Notes Offering at a 45% Exchange Premium [Yahoo! Finance]Yahoo! Finance
- Pagaya Announces Pricing of Upsized $140 Million Exchangeable Senior Notes Offering at a 45% Exchange PremiumBusiness Wire
- US Growth Companies With High Insider Ownership [Yahoo! Finance]Yahoo! Finance
- Pagaya Technologies: The Writing Is On The Wall (Rating Downgrade) [Seeking Alpha]Seeking Alpha
PGY
Earnings
- 8/9/24 - Beat
PGY
Sec Filings
- 9/25/24 - Form 8-K
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- PGY's page on the SEC website