12:19 PM EST, 12/03/2024 (MT Newswires) -- Pagaya Technologies ( PGY ) said Tuesday that Canadian Imperial Bank of Commerce ( CM ) and Bank of Montreal ( BERZ ) provided an additional $28 million in a term loan.

The two lenders also increased Pagaya's ( PGY ) revolving credit facility by $15 million.

Pagaya ( PGY ) said it completed the sale of $100 million of balance sheet securities at a premium.

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