Pagaya Closes $600 Million Consumer Loan ABS, Reflecting Strong Capital Markets Demand to Start the Year
Pagaya Technologies (NASDAQ: PGY) has successfully closed a $600 million AAA-rated personal loan ABS transaction (PAID 2025-1), which was oversubscribed and upsized from the original $500 million target. The transaction attracted 32 unique investors, with most being repeat investors.
This marks Pagaya's 7th consecutive AAA-rated personal loan ABS transaction, maintaining its position as the #1 ABS issuer of personal loans in the U.S. Since 2018, the company has raised over $26.6 billion across 65 ABS transactions to fund loan originations across multiple products, including personal loan and auto.
The successful transaction demonstrates strong capital markets demand for Pagaya's AI-enabled consumer credit assets and highlights the company's unique funding model, AI capabilities, and partner relationships.
Pagaya Technologies (NASDAQ: PGY) ha chiuso con successo una transazione ABS di prestiti personali da 600 milioni di dollari con rating AAA (PAID 2025-1), che ha registrato una domanda superiore e ampliata rispetto all'obiettivo originale di 500 milioni di dollari. L'operazione ha attirato 32 investitori unici, la maggior parte dei quali sono investitori abituali.
Questo segna la settima transazione consecutiva di prestiti personali ABS con rating AAA di Pagaya, mantenendo la sua posizione come il principale emittente di ABS di prestiti personali negli Stati Uniti. Dal 2018, l'azienda ha raccolto oltre 26,6 miliardi di dollari attraverso 65 transazioni ABS per finanziare l'origine dei prestiti in vari prodotti, tra cui prestiti personali e auto.
La transazione di successo dimostra una forte domanda del mercato dei capitali per gli attivi di credito al consumo abilitati all'IA di Pagaya e mette in evidenza il modello di finanziamento unico dell'azienda, le sue capacità di intelligenza artificiale e le relazioni con i partner.
Pagaya Technologies (NASDAQ: PGY) ha cerrado con éxito una transacción de ABS de préstamos personales por 600 millones de dólares con calificación AAA (PAID 2025-1), la cual fue sobre suscrita y ampliada desde el objetivo original de 500 millones de dólares. La transacción atrajo a 32 inversionistas únicos, siendo la mayoría inversionistas recurrentes.
Esto marca la séptima transacción consecutiva de préstamos personales ABS con calificación AAA de Pagaya, manteniéndose en la posición número uno como el emisor de ABS de préstamos personales en EE.UU. Desde 2018, la compañía ha recaudado más de 26.6 mil millones de dólares a través de 65 transacciones de ABS para financiar la originación de préstamos en múltiples productos, incluidos préstamos personales y de automóviles.
La exitosa transacción demuestra una fuerte demanda en los mercados de capitales para los activos de crédito al consumidor habilitados por IA de Pagaya y destaca el modelo de financiamiento único de la empresa, sus capacidades de IA y relaciones con los socios.
Pagaya Technologies (NASDAQ: PGY)은 성공적으로 6억 달러 규모의 AAA 등급 개인 대출 ABS 거래 (PAID 2025-1)를 마감했습니다. 이 거래는 원래 목표인 5억 달러를 초과하여 수요가 많았습니다. 이 거래는 32명의 고유한 투자자를 끌어모았으며, 대부분은 반복 투자자입니다.
이는 Pagaya의 7번째 연속 AAA 등급 개인 대출 ABS 거래로, 미국 내 개인 대출 ABS 발행자 1위의 위치를 유지하고 있습니다. 2018년 이후, 이 회사는 다양한 상품의 대출 원금을 지원하기 위해 266억 달러 이상을 65건의 ABS 거래를 통해 모금했습니다, 개인 대출 및 자동차 대출 포함.
성공적인 거래는 Pagaya의 AI 기반 소비자 신용 자산에 대한 강력한 자본 시장 수요를 보여주며, 회사의 독특한 자금 조달 모델, AI 기능 및 파트너 관계를 강조합니다.
Pagaya Technologies (NASDAQ: PGY) a réussi à clore une transaction ABS de prêts personnels d'un montant de 600 millions de dollars avec une note AAA (PAID 2025-1), qui a été sursouscrite et augmentée par rapport à l'objectif initial de 500 millions de dollars. La transaction a attiré 32 investisseurs uniques, la plupart étant des investisseurs récurrents.
Ceci marque la septième transaction consécutive de prêts personnels ABS notée AAA de Pagaya, maintenant sa position de leader en tant qu'émetteur d'ABS de prêts personnels aux États-Unis. Depuis 2018, l'entreprise a levé plus de 26,6 milliards de dollars à travers 65 transactions ABS pour financer l'origine de prêts dans plusieurs produits, y compris les prêts personnels et automobiles.
La transaction réussie démontre une forte demande sur les marchés de capitaux pour les actifs de crédit à la consommation activés par l'IA de Pagaya et met en lumière le modèle de financement unique de l'entreprise, ses capacités en IA et ses relations avec ses partenaires.
Pagaya Technologies (NASDAQ: PGY) hat erfolgreich eine ABS-Transaktion über 600 Millionen Dollar für persönliche Darlehen mit AAA-Bewertung (PAID 2025-1) abgeschlossen, die überzeichnet und von den ursprünglich angestrebten 500 Millionen Dollar erhöht wurde. An der Transaktion beteiligten sich 32 einzigartige Investoren, von denen die meisten wiederkehrende Investoren sind.
Das ist Pagayas siebte aufeinanderfolgende ABS-Transaktion für persönliche Darlehen mit AAA-Bewertung und sichert die Position als der #1 ABS-Emittent für persönliche Darlehen in den USA. Seit 2018 hat das Unternehmen über 26,6 Milliarden Dollar in 65 ABS-Transaktionen gesammelt, um die Darlehensvergabe in verschiedenen Produkten, einschließlich persönlicher Darlehen und Autofinanzierungen, zu finanzieren.
Die erfolgreiche Transaktion zeigt die starke Nachfrage der Kapitalmärkte nach Pagayas KI-gestützten Verbraucherkrediten und hebt das einzigartige Finanzierungsmodell, die KI-Fähigkeiten und die Partnerbeziehungen des Unternehmens hervor.
- Secured $600M in AAA-rated ABS transaction, exceeding initial $500M target
- Strong investor demand with 32 participants and majority repeat investors
- Maintains position as #1 ABS issuer of personal loans in U.S.
- Track record of $26.6B raised across 65 ABS transactions since 2018
- None.
Insights
The successful closure of a
Market Leadership & Pricing Power: As the leading ABS issuer in U.S. personal loans, Pagaya's ability to secure AAA ratings consistently (7 consecutive times) translates to reduced funding costs and enhanced profitability margins. The
Institutional Confidence: The participation of 32 investors, predominantly repeat buyers, signals strong institutional validation of Pagaya's AI-driven credit assessment model. This established investor base provides reliable access to capital markets, important for maintaining growth trajectory and operational stability.
Competitive Moat: The transaction reinforces Pagaya's technological edge in credit analytics. Their AI platform's demonstrated ability to identify and price consumer credit risk effectively has created a self-reinforcing cycle: better credit performance leads to stronger ratings, attracting more investors and enabling larger issuances at better terms.
Growth Trajectory: Having raised over
Risk Considerations: While the AAA rating provides significant protection, investors should monitor macroeconomic factors affecting consumer credit performance and potential regulatory developments in AI-driven lending practices.
- 7th consecutive AAA-Rated Personal Loan ABS transaction
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Pagaya remains the #1 ABS issuer of personal loans in the
U.S.
A total of 32 unique investors participated across the new personal loan transaction, the majority of which were repeat investors. Additionally, PAID 2025-1 was substantially oversubscribed and upsized from its original size of
“This transaction continues our benchmark programmatic issuance activity and shows how our unique funding model, AI capabilities and relationships across our partners and investors provide ample size for thoughtful investment in consumer credit with lower cost of capital,” said Sahil Chandiramani, Pagaya’s Head of Capital Markets. “This AAA-rated transaction is the first ABS deal of 2025 and we expect to continue our track record of success in the capital markets throughout 2025.”
About Pagaya Technologies
Pagaya (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 an AI-driven approach, Pagaya provides comprehensive consumer credit and residential real estate products 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
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Source: Pagaya Technologies LTD.
FAQ
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