Company: PGYWW
Filing Date: 2025-10-02
Form Type: 8-K
Source: 0001883085-25-000187
Chunk: 1

Company: Pagaya Technologies Ltd.
Filing Date: 2025-10-02
Form: 8-K
Item: Item 1.01
Chunk 1
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 Agreement are guaranteed by certain of the Company’s wholly-owned subsidiaries (collectively, the “ Guarantors”) and are secured by a first priority lien on substantially all assets of the Company and the Guarantors, subject to certain customary exceptions.

The 2025 Credit Agreement contains customary negative covenants, which include, among other things, limitations on the ability of the Company and its consolidated subsidiaries to incur indebtedness, grant liens, engage in certain fundamental changes, make certain dispositions and investments, enter into sale and leaseback transactions, and make restricted payments and other distributions. The 2025 Credit Agreement also contains a maximum first lien leverage ratio and a minimum fixed charge coverage ratio, as well as affirmative covenants customary for a credit facility of its type, including customary reporting covenants.

The 2025 Credit Agreement includes events of default related to, among other things, failure to pay amounts due under the 2025 Credit Agreement, breaches of representations, warranties or covenants, defaults under other material indebtedness, certain events of bankruptcy or insolvency, material judgment defaults and change of control, in each case, subject to customary cure periods where appropriate.

The foregoing description of the 2025 Credit Agreement is qualified in its entirety by reference to the full and complete terms thereof, which are attached as Exhibit 10.1 to this Current Report on Form 8-K and are incorporated herein by reference.

Item 1.02 Termination of a Material Definitive Agreement.