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PGY Closes $400M RPM Deal: A Move to Further Diversify Funding?
Pagaya Technologies .Pagaya Technologies .(US:PGY) ZACKS·2025-10-09 00:56

Key Takeaways Pagaya closes 400MABSdeal,backedbyautoloans.ThismarksPGY′sfifthautoABSdealin2025,bringingYTDautoABSissuanceto400M ABS deal, backed by auto loans.This marks PGY's fifth auto ABS deal in 2025, bringing YTD auto ABS issuance to 1.7B.Pagaya's lean balance sheet helps minimize credit exposure and avoid significant loan write-downs.Pagaya Technologies Ltd. (PGY) closed Revolving Pool Master (RPM) 2025-5, a $400-million asset-backed securities (ABS) transaction, backed by auto loans originated through its lending partners. The transaction received AAA ratings on its senior tranches and featu ...