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.
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IMPORTANCE 90
RELEVANCE 100