Pagaya Closes $600 Million Consumer Loan ABS, Reflecting Strong Capital Markets Demand to Start the Year
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Pagaya Technologies LTD. (NASDAQ: PGY) successfully closed a $600 million AAA-rated personal loan ABS transaction, indicating strong demand in capital markets. The transaction was oversubscribed and involved 32 investors, mostly repeat participants.
January 30, 2025 | 1:45 pm
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Pagaya Technologies closed a $600 million AAA-rated personal loan ABS transaction, which was oversubscribed and involved 32 investors, indicating strong demand in capital markets.
The successful closing of a $600 million ABS transaction, which was oversubscribed, suggests strong investor confidence and demand. This positive financial development is likely to boost investor sentiment and could lead to a short-term increase in PGY's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100