{"id":785186,"date":"2023-09-20T10:22:34","date_gmt":"2023-09-20T14:22:34","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/pagaya-closes-281-million-auto-abs-deal-its-10th-abs-transaction-in-2023\/"},"modified":"2023-09-20T10:22:34","modified_gmt":"2023-09-20T14:22:34","slug":"pagaya-closes-281-million-auto-abs-deal-its-10th-abs-transaction-in-2023","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pagaya-closes-281-million-auto-abs-deal-its-10th-abs-transaction-in-2023\/","title":{"rendered":"Pagaya Closes $281 Million Auto ABS Deal, its 10th ABS Transaction in 2023"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p>\nPagaya Closes $281 Million Auto ABS Deal, its 10th ABS Transaction in 2023<\/p>\n<p><i>Pagaya continues auto issuance with 3rd auto transaction of 2023, reaching $900 million in auto issuance year-to-date<\/i><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nPagaya Technologies LTD. (NASDAQ: PGY) (&#8220;Pagaya&#8221; or \u201cthe Company\u201d), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced the closing of RPM 2023-3, its 42nd asset-backed securitization (ABS) and its 10th in 2023.<\/p>\n<p>\nPagaya has funded more than $900 million of auto loans through its ABS program this year. In this latest deal, qualified investors purchased $268 million of asset-backed notes, expected to be secured by $281 million in auto loans originated by auto lending partners connected to Pagaya\u2019s network. It is the Company&#8217;s second rated transaction in the auto ABS market.<\/p>\n<p>\nUtilizing its unique fully pre-funded model, Pagaya has issued over $4.3 billion in ABS transactions year-to-date across multiple products, reflecting its ability to consistently raise capital to fund lending partner originations.<\/p>\n<p>\n\u201cThis transaction continues to showcase our leadership in the auto ABS market,\u201d said Paul Limanni, Pagaya\u2019s Chief Capital Officer. \u201cBoth new and existing investors understand and appreciate the robust benefits of our programmatic funding model, AI capabilities and relationships with originators.\u201d<\/p>\n<p>\nThis latest securitization is another example of how Pagaya\u2019s AI network is uniquely positioned to source high-quality assets from a wide range of lenders and connect them with top institutional investors, creating a win-win-win for all parties involved. Pagaya offers a reliable and scalable solution in the current macro environment that can consistently drive growth for its partners and investors.<\/p>\n<p><b>About Pagaya Technologies<\/b><\/p>\n<p>\nPagaya (NASDAQ: PGY) is a global technology company making life-changing financial products and services available to more people nationwide, as it reshapes the financial services ecosystem. By using machine learning, a vast data network and a sophisticated AI-driven approach, Pagaya provides comprehensive consumer credit and residential real estate solutions for its partners, their customers, and investors. Its proprietary API and capital solutions integrate into its network of partners to deliver seamless user experiences and greater access to the mainstream economy. Pagaya has offices in New York and Tel Aviv. For more information, visit pagaya.com.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230920725505r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230920725505\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230920725505\/en\/<\/a><\/span><\/p>\n<p><b>Investors &amp; Analysts<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:ir@pagaya.com\">ir@pagaya.com<br \/>\n<\/a><\/p>\n<p><b>Media &amp; Press<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:press@pagaya.com\">press@pagaya.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Finance Asset Management Artificial Intelligence Banking Data Management Professional Services Technology Fintech<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230920725505\/en\/1894828\/3\/PGY_logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Pagaya Closes $281 Million Auto ABS Deal, its 10th ABS Transaction in 2023 Pagaya continues auto issuance with 3rd auto transaction of 2023, reaching $900 million in auto issuance year-to-date NEW YORK&#8211;(BUSINESS WIRE)&#8211; Pagaya Technologies LTD. (NASDAQ: PGY) (&#8220;Pagaya&#8221; or \u201cthe Company\u201d), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced the closing of RPM 2023-3, its 42nd asset-backed securitization (ABS) and its 10th in 2023. Pagaya has funded more than $900 million of auto loans through its ABS program this year. In this latest deal, qualified investors purchased $268 million of asset-backed notes, expected to be secured by $281 million in auto loans originated by auto lending partners connected to Pagaya\u2019s network. It is &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pagaya-closes-281-million-auto-abs-deal-its-10th-abs-transaction-in-2023\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Pagaya Closes $281 Million Auto ABS Deal, its 10th ABS Transaction in 2023&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-785186","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pagaya Closes $281 Million Auto ABS Deal, its 10th ABS Transaction in 2023 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pagaya-closes-281-million-auto-abs-deal-its-10th-abs-transaction-in-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pagaya Closes $281 Million Auto ABS Deal, its 10th ABS Transaction in 2023 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Pagaya Closes $281 Million Auto ABS Deal, its 10th ABS Transaction in 2023 Pagaya continues auto issuance with 3rd auto transaction of 2023, reaching $900 million in auto issuance year-to-date NEW YORK&#8211;(BUSINESS WIRE)&#8211; Pagaya Technologies LTD. (NASDAQ: PGY) (&#8220;Pagaya&#8221; or \u201cthe Company\u201d), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced the closing of RPM 2023-3, its 42nd asset-backed securitization (ABS) and its 10th in 2023. Pagaya has funded more than $900 million of auto loans through its ABS program this year. In this latest deal, qualified investors purchased $268 million of asset-backed notes, expected to be secured by $281 million in auto loans originated by auto lending partners connected to Pagaya\u2019s network. 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(NASDAQ: PGY) (&#8220;Pagaya&#8221; or \u201cthe Company\u201d), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced the closing of RPM 2023-3, its 42nd asset-backed securitization (ABS) and its 10th in 2023. Pagaya has funded more than $900 million of auto loans through its ABS program this year. In this latest deal, qualified investors purchased $268 million of asset-backed notes, expected to be secured by $281 million in auto loans originated by auto lending partners connected to Pagaya\u2019s network. It is &hellip; Continue reading \"Pagaya Closes $281 Million Auto ABS Deal, its 10th ABS Transaction in 2023\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/pagaya-closes-281-million-auto-abs-deal-its-10th-abs-transaction-in-2023\/","og_site_name":"Market Newsdesk","article_published_time":"2023-09-20T14:22:34+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230920725505r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pagaya-closes-281-million-auto-abs-deal-its-10th-abs-transaction-in-2023\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pagaya-closes-281-million-auto-abs-deal-its-10th-abs-transaction-in-2023\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Pagaya Closes $281 Million Auto ABS Deal, its 10th ABS Transaction in 2023","datePublished":"2023-09-20T14:22:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pagaya-closes-281-million-auto-abs-deal-its-10th-abs-transaction-in-2023\/"},"wordCount":415,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pagaya-closes-281-million-auto-abs-deal-its-10th-abs-transaction-in-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230920725505r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pagaya-closes-281-million-auto-abs-deal-its-10th-abs-transaction-in-2023\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/pagaya-closes-281-million-auto-abs-deal-its-10th-abs-transaction-in-2023\/","name":"Pagaya Closes $281 Million Auto ABS Deal, its 10th ABS Transaction in 2023 - 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