StockNews.AI
PGY
StockNews.AI
190 days

Pagaya's Strong Momentum Continues with Closing of $300 Million Auto Asset-Backed Securitization

1. Pagaya closed a $300 million auto loan ABS transaction. 2. The ABS was oversubscribed, showcasing high investor demand. 3. Pagaya has raised nearly $27 billion since 2018 across 66 ABS transactions. 4. The new transaction reduces capital usage and supports its auto loan program. 5. Sahil Chandiramani emphasizes high investor confidence in Pagaya's AI-driven assets.

3m saved
Insight
Article

FAQ

Why Bullish?

The strong demand for Pagaya's ABS indicates positive investor sentiment and growth potential. Past similar successful ABS issuances have often led to stock price increases for financial technology firms.

How important is it?

The article directly discusses significant financial transactions that influence Pagaya's market position. Success in ABS transactions has historically correlated with increased stock valuation for financial technology companies.

Why Long Term?

The consistent capital raising and investor interest signal long-term positive trends. Historical trends show sustained growth when firms maintain investor confidence over time.

Related Companies

PGYSYFLMSALLY
NEW YORK--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the closing of a $300 million AA-rated auto loan ABS transaction (RPM 2025-1). A total of 14 unique investors participated across the new auto transaction, the majority of which were repeat investors. Additionally, RPM 2025-1 was substantially oversubscribed, reflecting continued strong capital markets demand for Pagaya’s assets. Since 2018, Pagaya has raised nearly $27 billion across 66 ABS transactions to fund loan originations across multiple products, including personal loan and auto. The execution of RPM 2025-1 supports Pagaya's financial strategy to reduce its net use of our capital and balance sheet for the funding activity of its Auto loan program. “This first auto ABS of 2025 showcases the demand for our unique ability to deliver diverse, AI-driven assets,” said Sahil Chandiramani, Pagaya’s Head of Capital Markets. “As investor confidence remains high, Pagaya continues to focus on driving cost efficient investment opportunities through diversification and scale.” About Pagaya Technologies Pagaya (NASDAQ: PGY) is a global technology company making life-changing financial products and services available to more people nationwide, as it reshapes the financial services ecosystem. By using machine learning, a vast data network and an AI-driven approach, Pagaya provides comprehensive consumer credit and residential real estate products for its partners, their customers, and investors. Its proprietary API and capital solutions integrate into its network of partners to deliver seamless user experiences and greater access to the mainstream economy. Pagaya has offices in New York and Tel Aviv. For more information, visit pagaya.com.

Related News