Pagaya Technologies LTD. announced the closing of a credit facility with participation from Funds and Accounts managed by BlackRock U.S. Private Capital (BlackRock), UBS O?Connor, JPMorgan Chase, Valley Bank, and Israel Discount Bank. The facility, which consists of a $255 million term loan and a $25 million revolver, provides the capital and liquidity needed to support the company?s future growth, extends its corporate debt maturity to 2029 and validates investors' confidence in Pagaya's business model and financial strength. Proceeds from the facility will be used to pay off outstanding borrowings from the company's previous facility, invest in product innovation, and grow its network with both existing and new lending and investor partners.

Jefferies served as Sole Arranger on the transaction.