Pagaya upsizes personal loan ABS deal to $900 million

Corporate Action
โดย Seeking Alpha·Read original
Summary · why it matters

Pagaya Technologies closed an upsized $900 million AAA-rated personal loan ABS transaction, its largest deal since 2022. The offering drew 37 investors, including four new to the company's ABS platform and five new to its PAID shelf. This upsized transaction pushed Pagaya's year-to-date personal loan ABS issuance to a record $4.7 billion and total 2026 issuance to a record $7.5 billion. Shares fell 2.28%.

Impact on stocks 1

Artificial Intelligence▼ · 1 stocks
Pagaya Technologies Ltd.
PGY
▼ NegativeCapitalrelevance

Shares fell 2.28% despite the upsized ABS deal, indicating a negative market reaction to the capital markets event.

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