Our team at Arnon advised the lenders in Pagaya Technologies Ltd.’s (NASDAQ: PGY) $132 million revolving credit facility expansion, more than doubling the previous facility and achieving a 35% reduction in interest rate.
Avi Anouchi and Simon Weintraub led the deal, with Vered Glaubach assisting, in collaboration with U.S. co-counsel Chapman and Cutler.
The expanded facility included new top-tier lenders Wells Fargo, Citizens, TD Bank, Texas Capital Bank alongside existing lenders such as Bank of Montreal, Valley Bank, CIBC, and Israel Discount Bank.
Proof that with the right team, even the most complex cross-border financings can move forward smoothly and successfully.
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