04:14 AM EDT, 09/27/2024 (MT Newswires) -- Pagaya Technologies ( PGY ) said late Thursday it priced a private offering of $140 million of 6.125% exchangeable senior notes due 2029, upsized from a previous $125 million.

The offering is scheduled to settle on Oct. 1.

The company granted the initial purchasers an option to purchase up to $20 million of additional notes.

Pagaya ( PGY ) said it plans to use net proceeds to pay down debt and for general corporate purposes.