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Pagaya Technologies has closed a credit facility worth $280m with lenders including BlackRock, UBS, JPMorgan Chase, Valley Bank and Israel Discount Bank. The facility comprises a $255m term loan and a $25m revolver, providing capital and liquidity to support the company’s future growth. The credit facility extends Pagaya’s corporate debt maturity to 2029, while also validating confidence in the company’s business model and financial strength. The proceeds will be used to pay off outstanding borrowings from Pagaya’s previous facility, invest in product innovation, and expand its network of lending and investor partners.+
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