Pagaya US Holding Company LLC, a wholly owned subsidiary of AI-driven financial technology company Pagaya Technologies LTD., announced its intent to offer $450 million in aggregate principal amount of unsecured senior notes due 2030 in a private placement.The offering of these senior notes is subject to market and other conditions and will be made to persons believed to be qualified institutional buyers under Rule 144A of the Securities Act of 1933 and qualified purchasers as defined by the Investment Company Act of 1940. The notes are intended for acquisition by these buyers for their own accounts or for accounts over which they exercise sole discretion, provided those accounts also meet the specified criteria.Pagaya Technologies, a global technology company listed on NASDAQ under the ticker PGY, specializes in delivering AI-driven product solutions across the financial ecosystem, including consumer credit and residential real estate products. The company plans to allocate the net proceeds from this offering primarily to repay all outstanding amounts under its existing credit facilities and to settle $75 million of certain outstanding secured borrowings. The remaining funds will be directed towards general corporate purposes, including covering related fees and expenses associated with the offering.The notes will be fully and unconditionally guaranteed on a senior unsecured basis by Pagaya and its subsidiaries that act as guarantors under its current credit agreement, excluding Pagaya US itself. This structure positions the notes and their guarantees as senior unsecured obligations of Pagaya US and the Guarantors. The offer and sale of these notes, along with their guarantees, are not and will not be registered under the Securities Act, the Investment Company Act, or any other securities laws. Consequently, the notes can only be offered or sold pursuant to an exemption from, or in a transaction not subject to, the registration requirements of applicable securities laws. They are specifically restricted to qualified institutional buyers who are also qualified purchasers. Pagaya operates with offices in New York and Tel Aviv.