Pagaya Closes $600 Million Consumer Loan Asset-Backed Securitization
2023年9月27日 - 9:30PM
ビジネスワイヤ(英語)
Pagaya continues to fund new loans originated by its lending
partners, with $4.9B raised across 11 ABS transactions
year-to-date
Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the
Company”), a global technology company delivering artificial
intelligence infrastructure for the financial ecosystem, today
announced the closing of PAID 2023-6, its 43rd asset-backed
securitization (ABS) and its 11th in 2023. The transaction was
rated by Kroll Bond Rating Agency.
Investors purchased $594 million of notes, which are expected to
be backed by personal loans originated by consumer lenders
connected to Pagaya’s network. With its fully pre-funded model,
capital is raised before Pagaya’s lending partners originate loans.
Pagaya is currently the number one issuer of personal loan ABS
transactions in the U.S.
“We are pleased to continue our PAID ABS issuance program as
part of our mission to expand access to credit to more people,”
said Paul Limanni, Pagaya’s Chief Capital Officer. “Our 11th
transaction of the year highlights an improving market landscape
with ample capacity for future issuance.”
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 a sophisticated AI-driven approach, Pagaya
provides comprehensive consumer credit and residential real estate
solutions 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.
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Pagaya Technologies (NASDAQ:PGY)
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Pagaya Technologies (NASDAQ:PGY)
過去 株価チャート
から 5 2023 まで 5 2024