Pagaya Technologies Finalizes $600 Million Personal Loan Deal

MT Newswires Live

2025/01/30

Pagaya Technologies (PGY) said Thursday it closed a $600 million personal loan asset-backed security transaction, which was oversubscribed and upsized from its original $500 million size.

The technology company said 32 unique investors participated in the transaction. Pagaya also said it has raised more than $26.6 billion via 65 asset-backed security transactions since 2018 to finance various loans including personal ones and auto loans.

Pagaya shares were up 3.9% in recent trading.

Price: 9.31, Change: +0.33, Percent Change: +3.72

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