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![mvcinvesting Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1285902652111499265.png) M. V. Cunha [@mvcinvesting](/creator/twitter/mvcinvesting) on x 48.8K followers
Created: 2025-07-22 13:18:12 UTC

$PGY is down XX% following its announcement of a $450M private debt raise, but the market might be getting it completely wrong.

The company is issuing senior unsecured notes due 2030 to repay credit facilities and $75M in other secured borrowings, most of which carry interest rates around 12.5%.

This move:

- Reduces interest expenses
- Extends debt maturity to 2030
- Improves capital structure
- Comes with zero dilution (non-convertible bonds)
- Directly improves GAAP Net Income

The sell-off likely stems from the stock being overbought (RSI was 86), but even here, I believe the price remains fundamentally attractive.

New article coming soon.

![](https://pbs.twimg.com/media/Gwdu9NsWUAM8kpq.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947647365755621486/c:line.svg)

**Related Topics**
[rates](/topic/rates)
[$75m](/topic/$75m)
[business loans](/topic/business-loans)
[debt](/topic/debt)
[$450m](/topic/$450m)
[cunha](/topic/cunha)
[$pgy](/topic/$pgy)

[Post Link](https://x.com/mvcinvesting/status/1947647365755621486)