Pagaya Raises $1 Billion Across Two New Personal Loan and Auto ABS Deals, Signaling Strong Capital Markets Demand
Pagaya Technologies Ltd. (PGY)
Company Research
Source: Business Wire
$800 Million AAA-Rated Personal Loan and $200 Million AA-Rated Auto Loan Asset Backed Securitizations, with $5.5 Billion raised across all ABS transactions year-to-datePagaya remains the #1 personal loan ABS issuer in the U.S. 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 PAID 2024-10 and RPM 2024-3, totaling $1 billion in size across both deals. This represents the Company’s fourth AAA-rated personal loan ABS transaction and its first AA-rated auto ABS transaction.A total of 28 unique investors participated across these two transactions, the majority of which were repeat investors. The deal was substantially oversubscribed, reflecting continued strong investor demand for Pagaya’s robust, AI-enabled consumer credit assets.Pagaya continues to meet the needs of prominent financial institutions and deliver effic
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News
- The Financial Technology Report Announces The Top 100 Financial Technology Companies of 2024PR Web
- Benzinga Announces Winners for the 2024 Global Fintech Awards [Yahoo! Finance]Yahoo! Finance
- Pagaya Technologies Ltd. (NASDAQ:PGY) Just Reported, And Analysts Assigned A US$20.75 Price Target [Yahoo! Finance]Yahoo! Finance
- Pagaya Technologies Ltd. (NASDAQ: PGY) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $32.00 to $25.00. They now have a "buy" rating on the stock.MarketBeat
- Pagaya Technologies Ltd (PGY) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amidst ... [Yahoo! Finance]Yahoo! Finance
PGY
Earnings
- 11/12/24 - Beat
PGY
Sec Filings
- 11/21/24 - Form F-3
- 11/18/24 - Form 4
- 11/15/24 - Form 144
- PGY's page on the SEC website