AIBankingBusiness

Pagaya secures five-year $280m credit facility led by BlackRock

  • Fintech firm Pagaya Technologies has secured a $280 million credit facility led by BlackRock, with participation from Israel Discount Bank, UBS O’Connor, JP Morgan Chase, and Valley Bank.
  • The facility comprises a $255 million term loan and a $25 million revolver, extending Pagaya’s corporate debt maturity to 2029.
  • The funds will support the company’s growth, fuel its services powered by machine learning and AI in consumer credit and residential real estate, fund new product investments, and pay off outstanding borrowings from previous facilities.
  • Last year, Pagaya acquired proptech firm Darwin Homes to enhance its real estate platform.
Previous article
Worldline to cut workforce by 8% with €200m cost-saving initiative Power24
Next article
Europe’s Digital Services Act applies in full from tomorrow — here’s what you need to know
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

Chase UK Appoints Monzo’s Malani as CEO, Strengthening Leadership Team

Former Monzo executive will lead Chase UK's growth strategy.Highlights: Chase UK appoints Monzo veteran Malani as CEO.This move...
FinTech

Revolut Targets $150 Billion Valuation Ahead of IPO

The fintech giant aims high as it prepares for its initial public offering.Highlights: Revolut aims for a $150...
FinTech

NextGen Nordics 2026 Strengthens Future of Money with 29 Leading Voices

A lineup of key speakers will shape discussions on financial innovation.Highlights: NextGen Nordics 2026 to feature 29 key...
FinTech

Revolut Aims to Go Public Within Two Years

The fintech prepares for a potentially significant market entry.Highlights: Revolut plans to pursue an IPO within the next...