In the last four months of last year, the company secured four new lending partners, including a top bank and top auto captive, which are expected to drive a transformational step-change in Pagaya's network expansion. Plus, the company recently pre-announced strong full-year 2023 financial performance, with Network Volume exceeding $8.2 billion and Adjusted EBITDA exceeding $75 million, implying annualized run-rate Adjusted EBITDA of over $110 million based on the fourth quarter of 2023. The proceeds from the facility will be used to pay off outstanding borrowings from the company's previous facility, invest in product innovation, and grow its network with both existing and new lending and investor partners. Jefferies served as Sole Arranger on the transaction.