Pagaya Technologies Ltd. Stock Price, News & Analysis

Pagaya (NASDAQ: PGY) closed RPM 2025-5, a $400 million auto ABS backed by loans from national partners including Ally and Westlake. One William Street Capital Management purchased the residual certificates as a strategic funding partner, supporting Pagaya's capital efficiency and expansion of its auto product offering.

Pagaya said the deal brings its 2025 cumulative auto ABS issuance to an annual record of ~$1.7 billion, and cited a $2 billion annual run rate for its auto lending funnel; the company noted it has raised over $32 billion across 78 ABS since 2018.

Pagaya Technologies (NASDAQ: PGY) has successfully expanded its revolving credit facility to $132 million, more than doubling the previous $58 million facility. The company secured a significant 400 basis points reduction in interest rates, dropping from SOFR+750 to SOFR+350.

The expanded facility is supported by new banking partners including Wells Fargo, Citizens, TD Bank, and Texas Capital, along with increased commitments from existing lenders such as Bank of Montreal, Valley Bank, and CIBC. This expansion aligns the cost of Pagaya's corporate borrowings at or below its recent high-yield bond coupon of 8.875%, strengthening its balance sheet and supporting continued growth.

Pagaya Technologies (NASDAQ: PGY) has successfully closed PAID 2025-6, an upsized $600 million asset-backed securitization (ABS) backed by consumer loans. The deal, originally targeted at $500 million, represents the company's sixth fully-prefunded PAID transaction of 2025 and its 13th deal across all asset classes.

The AAA-rated securitization contributes to Pagaya's impressive $4 billion raised for personal loans year-to-date, with total capital commitments of $5.5 billion across all asset classes in 2025. The company has completed 77 securitizations since 2018, raising over $31 billion in capital, and currently maintains a network of more than 150 institutional investors across its various programs.

Pagaya Technologies (NYSE:PGY), an AI-driven financial technology solutions provider, has announced its management team's participation in four upcoming investor conferences in September 2025. The company will attend the Jefferies FinTech Conference (Sept 3) and Benchmark TMT Conference (Sept 4) in New York, followed by the EY JournEY (Sept 9) and Jefferies Tech Trek (Sept 11) in Tel Aviv.

Pagaya Technologies (NASDAQ: PGY) reported strong Q2 2025 financial results, marking its second consecutive quarter of positive GAAP net income. The company achieved record performance across key metrics, including net income of $17 million (up $91 million YoY), Adjusted EBITDA of $86 million (up 72% YoY), and total revenue of $326 million (up 30% YoY).

Notable achievements include the issuance of their first AAA-rated Auto ABS and inaugural AAA-rated Point-of-Sale revolving ABS structure, along with a successful $500 million 5-year Senior Unsecured Notes offering. The company raised its full-year 2025 guidance, expecting network volume between $10.5-11.5 billion and total revenue between $1.25-1.325 billion.

Pagaya Technologies (NYSE:PGY), an AI-driven financial technology solutions provider, has announced its management team's participation in four upcoming investor conferences in August 2025.

The schedule includes Bank of America's TMT Summer Fireside Chat Series (Virtual, August 8), Canaccord Growth Conference (Boston, August 12), JP Morgan Future of Financials Forum (Virtual, August 13), and Needham Fintech & Digital Transformation Conference (Virtual, August 13).

Pagaya Technologies (NASDAQ: PGY) has successfully closed an upsized $500 million offering of 8.875% senior unsecured notes due 2030. The offering, which was approximately 5 times oversubscribed, demonstrates strong institutional investor confidence in Pagaya's platform. The company will use the proceeds to refinance existing higher-cost debt.

This refinancing is expected to generate $40 million in annualized cash flow savings, including $30 million from reduced debt amortization and $12 million in annual interest expense reduction. The transaction will lower Pagaya's cost of debt by nearly 200 basis points while maintaining flat net leverage. As part of this milestone, Pagaya has secured ratings from all three major credit agencies: S&P, Moody's, and Fitch.

Pagaya Technologies (NASDAQ: PGY) has successfully closed PAID 2025-5, a $500 million asset-backed securitization (ABS) backed by consumer loans. The deal, upsized from an initial target of $400 million, received a AAA rating from KBRA and marks the company's fifth fully-prefunded PAID deal of 2025.

The transaction attracted over 30 unique investors, including five new participants, and brings Pagaya's year-to-date ABS issuance to over $4.6 billion. Since 2018, the company has completed 75 securitizations, raising nearly $31 billion in capital. The company has secured over $9.5 billion in capital commitments this year across its ABS and forward-flow programs.

Pagaya Technologies (NASDAQ: PGY) has announced the pricing of an upsized $500 million senior unsecured notes offering due 2030, increased from the initially planned $450 million due to strong demand. The notes will carry an interest rate of 8.875% payable semi-annually, with maturity set for August 1, 2030.

The notes offering, priced at 100% of principal amount, is expected to generate net proceeds of approximately $491 million after deducting costs. The company plans to use the proceeds primarily to repay existing credit facilities and approximately $100 million of outstanding secured borrowings, with the remainder allocated for general corporate purposes.