Pagaya Technologies Announces $450M Senior Notes Offering

An update from Pagaya Technologies Ltd ( (PGY) ) is now available.

On July 22, 2025, Pagaya Technologies Ltd. announced that its subsidiary, Pagaya US Holding Company LLC, plans to offer $450 million in unsecured senior notes due 2030 in a private offering to qualified institutional buyers. The proceeds will be used to repay existing credit facilities and secured borrowings, with the remainder for general corporate purposes. The notes will be guaranteed by Pagaya and its subsidiaries, but they will not be registered under the Securities Act, limiting their sale to qualified buyers.

The most recent analyst rating on (PGY) stock is a Buy with a $14.50 price target. To see the full list of analyst forecasts on Pagaya Technologies Ltd stock, see the PGY Stock Forecast page.

Spark’s Take on PGY Stock

According to Spark, TipRanks’ AI Analyst, PGY is a Outperform.

Pagaya Technologies Ltd’s overall stock score is driven by strong technical indicators and positive earnings call sentiment, reflecting confidence in future growth. However, financial performance is hampered by high leverage and profitability issues, and the valuation remains challenging due to a negative P/E ratio. The positive corporate events further support growth potential, but caution is advised due to financial risks.

To see Spark’s full report on PGY stock, click here.

More about Pagaya Technologies Ltd

Pagaya Technologies Ltd. is a global technology company that provides AI-driven product solutions for the financial ecosystem. It offers consumer credit and residential real estate products through machine learning and a vast data network, aiming to make financial services more accessible. The company operates with offices in New York and Tel Aviv.

Average Trading Volume: 2,520,981

Technical Sentiment Signal: Buy

Current Market Cap: $2.36B

See more data about PGY stock on TipRanks’ Stock Analysis page.