Pagaya closes upsized $800 million AAA personal loan ABS deal

Corporate Action
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Summary · why it matters

Pagaya Technologies closed an upsized $800 million AAA-rated personal loan ABS transaction named PAID 2026-4, drawing 39 unique investors. The deal brings the company's year-to-date personal loan ABS issuance to nearly $4 billion and marks its third upsized personal loan ABS transaction this year. Total issuance since 2018 now stands at $40 billion across 91 ABS deals backed by more than 165 institutional investors. Collateral for the latest deal included personal loans from new network partners Upstart and Achieve.

Impact on stocks 2

Artificial Intelligence▲ · 1 stocks
Pagaya Technologies Ltd.
PGY
▲ PositiveCapitalrelevance

Pagaya closed an upsized $800M AAA-rated personal loan ABS deal, bringing YTD issuance to nearly $4B and demonstrating strong capital market access.

Digital Finance & Tokenization▲ · 1 stocks
Upstart Holdings Inc
UPST
▲ PositiveDemandrelevance

Upstart is mentioned as a new network partner providing collateral for the deal, indicating increased demand for its loan origination platform.

Off-coverage companies 1

AchievePrivate▲ Positive
Demandrelevance

Achieve is mentioned as a new network partner providing collateral for the deal, indicating increased demand for its loan origination platform.

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