Pagaya Technologies (PGY) said Monday it has completed a $300 million auto loan asset-backed securitization transaction, dubbed RPM 2025-1.
Fourteen investors, mostly repeat participants, took part, and the deal was oversubscribed, the company said.
The deal aligns with the company's strategy to reduce its reliance on its own capital for funding its auto loan program.
Price: 12.85, Change: +0.35, Percent Change: +2.80
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.