Pagaya Closes $650M Auto ABS, Hits 100th Securitization Milestone
PGY sits 75% above its 52-week low of $10.4.
Summary
Pagaya closed RPM 2026-5, a $650 million auto loan ABS, marking its 100th securitization. Thirty-five investors participated, including five new to the RPM shelf. The deal pushes 2026 issuance above $10 billion and lifetime ABS volume past $44 billion. This follows a string of recent funding wins — a $600M personal loan ABS on Oct 5, a $460M revolving facility on Sep 22, and a $700M forward flow agreement with Neuberger on Sep 16. The expanding investor base and consistent deal flow reinforce Pagaya's funding capacity, though pricing details were not disclosed.
At the time of this announcement, PGY was trading at $18.15 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $10.40 to $31.54. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.