Purchasing Power Successfully Closes $225 Million Asset-Backed Securities Transaction
PROG Holdings, Inc. (PRG)
Company Research
Source: Business Wire
New Issuance has a Blended Rate of 4.87% and Lowers Borrowing Costs by More Than 180 Basis Points Compared to Prior Funding Arrangement ATLANTA--(BUSINESS WIRE)--Purchasing Power, a subsidiary of PROG Holdings, Inc. (NYSE: PRG) and leading voluntary employee benefit program provider which allows employees to purchase products and services through automatic payroll deductions, today announced the successful closing of its latest asset-backed securities (ABS) transaction. The $225 million issuance of notes, which achieved an over 180 basis-point reduction in the weighted average coupon rate as compared to the 2024 ABS transaction, is backed by a diversified pool of consumer receivables originated through Purchasing Power’s payroll purchase platform.This transaction marks the first time a subsidiary of PROG Holdings has accessed the ABS market, representing an important milestone following PROG’s acquisition of Purchasing Power in January 2026.“This successful securitization transacti
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PRG
News
- Purchasing Power Successfully Closes $225 Million Asset-Backed Securities Transaction [Yahoo! Finance]Yahoo! Finance
- A Look At PROG Holdings (PRG) Valuation After Recent Share Price Pullback [Yahoo! Finance]Yahoo! Finance
- PROG Holdings, Inc. Increases Dividend 7.7% [Yahoo! Finance]Yahoo! Finance
- PROG Holdings, Inc. Increases Dividend 7.7%Business Wire
- Aaron's (NYSE:PRG) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating.MarketBeat
PRG
Earnings
- 2/18/26 - Beat
PRG
Sec Filings
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- PRG's page on the SEC website