- Pagaya Technologies Ltd. (PGY, Financial) completes a $500 million AAA-rated consumer loan ABS transaction amid high investor interest.
- Over $1 billion was raised by the company in April through various funding sources.
- The latest transaction was oversubscribed, attracting 32 unique investors, highlighting Pagaya's robust market reputation.
Pagaya Technologies Ltd. (PGY), a leader in AI-driven financial solutions, successfully closed a $500 million AAA-rated personal loan asset-backed securities (ABS) transaction, designated as PAID 2025-3. This transaction is part of Pagaya's efforts to strengthen its position in the financial market, with over $800 million raised across all ABS transactions within the last three days.
This marks the company's ninth consecutive AAA-rated personal loan ABS transaction, demonstrating its continued ability to attract investor interest even amidst market uncertainties. The transaction saw participation from 32 unique investors, a majority of whom were repeat investors, reflecting strong confidence in Pagaya's offerings.
Sahil Chandiramani, Pagaya's Head of Capital Markets, commented on the achievement, emphasizing the company's role as a benchmark issuer of consumer loan ABS in the U.S. capital markets. He noted that despite recent market dislocations, investors continue to choose Pagaya as a preferred destination for capital deployment and attractive returns.
Since its inception, Pagaya has raised more than $28 billion across 69 ABS transactions, funding loan originations across various products, including personal loans and auto loans. The company remains the leading ABS issuer of personal loans in the U.S., further solidifying its market leadership in the financial services ecosystem.
Pagaya Technologies, listed on NASDAQ as PGY, is known for its innovative approach in utilizing machine learning and AI to deliver comprehensive consumer credit and real estate products, significantly impacting the financial services landscape with its seamless solutions.
