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-0.00152091254752848 -0.000570342205323216 -0.000760456273764242 -0.000380228136882054 0.000380228136882189 -0.00722433460076037 -0.00114068441064643 0.00152091254752848
Stock impact report

Pagaya Signs Auto Forward Flow Agreement with Castlelake to Purchase Up to $500 Million in Auto Loans

Pagaya Technologies Ltd. - Class A Ordinary Shares (PGY) 
Company Research Source: Business Wire
New deal marks a debut in Auto forward flow agreements for Pagaya and Castlelake, as institutional investor demand for Pagaya's auto assets remains strongPagaya and Castlelake investment relationship now spans two asset classes: personal and auto loansPagaya continues funding diversification with multi-billion dollar capacity across both personal and auto loans 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 a new forward flow agreement with Castlelake, L.P. ("Castlelake"), a global alternative investment firm specializing in asset-based private credit, for the purchase of up to $500 million of auto loans sourced through Pagaya’s platform.The agreement marks Pagaya and Castlelake’s first auto forward flow transaction and has the potential to significantly accelerate Pagaya’s auto lending platform, alongside its AAA-rated auto Show less Read more
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