Pagaya Technologies (PGY) said late Thursday it priced a private offering of $140 million of 6.125% exchangeable senior notes due 2029, upsized from a previous $125 million.
The offering is scheduled to settle on Oct. 1.
The company granted the initial purchasers an option to purchase up to $20 million of additional notes.
Pagaya said it plans to use net proceeds to pay down debt and for general corporate purposes.
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