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0 0.00130718954248355 0.00424400871459681 0.00217864923747264 0.00261437908496726 -0.0126361655773422 -0.0254204793028323 -0.0222222222222223
Stock impact report

Pagaya Launches A Revolving Asset-Backed Funding Structure Backed by Personal Loans with Investment from 26North

Pagaya Technologies Ltd. - Class A Ordinary Shares (PGY) 
Company Research Source: Business Wire
Pagaya expands its Personal Loan PAID ABS platform through an innovative, hybrid Public/Private revolving ABS structureInaugural $350 million PAID 2025-REV1 transaction provides Pagaya with an additional form of long-term funding capacity over a two-year revolving period tailored to insurance capital and asset managersTransaction establishes up to $700 million in flexible funding capacity, creating a new scalable, long-term source of capital for Pagaya 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 2025-REV1, a $350 million asset-backed securitization (ABS) backed by consumer loans originated on the Pagaya network.This transaction is the first of its kind for Pagaya’s personal loan business and establishes another form of long-term capital supplementing Pagaya’s market-leading public ABS platform. This in Show less Read more
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