Pagaya Closes $800M Personal Loan ABS Transaction
Pagaya Technologies announced the closing of an upsized $800M AAA-rated personal loan ABS transaction. With 39 unique investors participating, the upsized deal brings Pagaya's year-to-date personal loan ABS issuance to nearly $4B and marks the company's third upsized personal loan ABS transaction this calendar year. The deal brings Pagaya's total issuance since 2018 to $40B through 91 ABS transactions, backed by more than 165 institutional investors across its personal loan, auto and POS programs. Notably, collateral for this transaction includes personal loans from new network partners including Upstart and Achieve.
