Pagaya Closes $500M Consumer Loan ABS Deal
Portfolio Pulse from Benzinga Newsdesk
Pagaya has successfully closed a $500 million consumer loan asset-backed securities (ABS) deal, marking its second AAA-rated securitization of 2024. This brings its total raised to $4.4 billion this year, solidifying its position as a leading personal loan ABS issuer in the U.S.
September 18, 2024 | 12:35 pm
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Pagaya has closed a $500 million consumer loan ABS deal, marking its second AAA-rated securitization of 2024. This achievement strengthens its position as a leading personal loan ABS issuer in the U.S., with $4.4 billion raised this year.
The successful closing of a $500 million ABS deal and achieving a second AAA rating in 2024 highlights Pagaya's strong market position and financial health. This is likely to positively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100