Latest news with #SahilChandiramani
Yahoo
9 hours ago
- Business
- Yahoo
Pagaya Closes New PAID Deal of $600 Million, Capping Record Quarter for ABS Issuance
Over $2.3 billion raised across 6 ABS deals in Q2, reinforcing depth and resilience of Pagaya's multi-asset funding platform Over $6 billion of ABS and non-ABS capital commitments raised this year to fund all asset classes NEW YORK, June 18, 2025--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or "the Company"), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the closing of a new $600 million AAA-rated asset-backed securitization (PAID 2025-4), funding personal loans originated through its proprietary network. This deal was oversubscribed and upsized, with 23 investors participating, including several repeat investors. This transaction follows the Company's recent $300 million AAA-rated RPM deal and its inaugural AAA-rated POSH securitization, which created over $1 billion in funding capacity for new point-of-sale loan originations – reinforcing the Company's consistent funding execution across asset classes. With this deal, Pagaya has now raised over $2.3 billion in ABS transactions in Q2 2025, the largest quarterly total in the Company's history. Pagaya's personal loan ABS program has become one of the most active and widely-recognized issuance platforms in the capital markets, known for providing access to diversified personal loan assets at scale and with consistent performance. The continued cadence of transactions underscores institutional confidence in Pagaya's sourcing and tech-enabled underwriting capabilities. "This transaction reflects both the reliability of our ABS engine and the quality of our personal loan assets," said Sahil Chandiramani, Pagaya's Head of Capital Markets. "In a market where consistent access to capital is a real differentiator, we're proud to deliver back-to-back-to-back executions across auto, POS, and personal loans—at scale and with repeat investor support." "This record-breaking quarter is a reflection of the strength and precision of our best-in-class capital markets engine—and the exceptional team behind it," said Evangelos Perros, CFO of Pagaya. "We're proud to be executing at scale, across asset classes, and with consistency that's rare in today's environment. There's much more to come as we continue building our platform to power the next chapter of consumer credit." Since 2018, Pagaya has raised nearly $30 billion across 73 ABS transactions to fund loan originations through its platform, spanning personal loans, auto loans, and point-of-sale financing. About Pagaya TechnologiesPagaya (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 New York and Tel Aviv. For more information, visit View source version on Contacts Investors & Analysts ir@ Media & Press press@
Business Wire
9 hours ago
- Business
- Business Wire
Pagaya Closes New PAID Deal of $600 Million, Capping Record Quarter for ABS Issuance
NEW YORK--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or 'the Company'), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the closing of a new $600 million AAA-rated asset-backed securitization (PAID 2025-4), funding personal loans originated through its proprietary network. This deal was oversubscribed and upsized, with 23 investors participating, including several repeat investors. This transaction follows the Company's recent $300 million AAA-rated RPM deal and its inaugural AAA-rated POSH securitization, which created over $1 billion in funding capacity for new point-of-sale loan originations – reinforcing the Company's consistent funding execution across asset classes. With this deal, Pagaya has now raised over $2.3 billion in ABS transactions in Q2 2025, the largest quarterly total in the Company's history. Pagaya's personal loan ABS program has become one of the most active and widely-recognized issuance platforms in the capital markets, known for providing access to diversified personal loan assets at scale and with consistent performance. The continued cadence of transactions underscores institutional confidence in Pagaya's sourcing and tech-enabled underwriting capabilities. 'This transaction reflects both the reliability of our ABS engine and the quality of our personal loan assets,' said Sahil Chandiramani, Pagaya's Head of Capital Markets. 'In a market where consistent access to capital is a real differentiator, we're proud to deliver back-to-back-to-back executions across auto, POS, and personal loans—at scale and with repeat investor support.' 'This record-breaking quarter is a reflection of the strength and precision of our best-in-class capital markets engine—and the exceptional team behind it,' said Evangelos Perros, CFO of Pagaya. 'We're proud to be executing at scale, across asset classes, and with consistency that's rare in today's environment. There's much more to come as we continue building our platform to power the next chapter of consumer credit.' Since 2018, Pagaya has raised nearly $30 billion across 73 ABS transactions to fund loan originations through its platform, spanning personal loans, auto loans, and point-of-sale financing. 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 New York and Tel Aviv. For more information, visit
Yahoo
6 days ago
- Automotive
- Yahoo
Pagaya Achieves First AAA-Rated Auto ABS with $300 Million Deal, Underscoring Strength of its Auto Platform
Transaction marks first AAA-rated Auto deal and third ~$300 million Auto ABS deal of 2025 Over $5.5 billion of capital commitments raised this year to fund all asset classes in Pagaya's ABS and forward-flow programs NEW YORK, June 12, 2025--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or "the Company"), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the closing of a new $300 million AAA-rated auto loan ABS transaction (RPM 2025-3). This marks the first AAA-rated transaction from Pagaya's RPM program, a milestone made possible by the consistent performance and scaled production the Company has demonstrated since launching the program six years ago. Institutional investors continue to demonstrate strong appetite for Pagaya's asset-backed offerings. Pagaya's RPM Auto program has become a recognized platform for consistent execution, robust data transparency, and resilient performance. RPM 2025-3 consists of assets sourced through Pagaya's network of auto lending partners, including some of the nation's leading auto lenders serving over 30,000 franchise and independent dealerships across the country. This transaction was the first RPM deal to receive a K1+ rating and AAA rating from KBRA, reflecting the high credit quality and structural strength of the deal. "The ability to achieve a AAA-rating on our RPM program is a testament to the strength of our platform and the quality of our network assets," said Sahil Chandiramani, Pagaya's Head of Capital Markets. "We're proud to deliver high-performing, scalable programs that give our partners confidence, even in dynamic market environments. Our focus remains on driving disciplined growth across all verticals while deepening access to long-term capital." Since 2018, Pagaya has raised over $29 billion across 72 ABS transactions to fund loan originations across multiple products, including personal loan, auto, and point-of-sale. 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 New York and Tel Aviv. For more information, visit View source version on Contacts Investors & Analysts ir@ Media & Press press@ Sign in to access your portfolio
Yahoo
14-04-2025
- Automotive
- Yahoo
Pagaya Prices ~$300 Million Auto ABS Transaction Demonstrating Strong Investor Confidence
Pagaya prices second ~$300 Million Auto ABS deal of 2025, larger than any executed in 2024, despite market volatility More than $3 billion of expected capital raised year-to-date to fund all asset classes in Pagaya's ABS and forward-flow programs NEW YORK, April 14, 2025--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or "the Company"), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the pricing of a new $295 million AA-rated auto loan ABS transaction (RPM 2025-2). Amid market volatility, investors continue to seek high-quality assets with attractive yields. Pagaya's seasoned RPM shelf, now in its sixth year, continues to be a trusted source of consistent execution and performance. "Pagaya's RPM Shelf has developed a track record of delivering strong returns for its investors. These are the ideal market dislocations where investors can take calculated risk," said Gal Krubiner, Pagaya's CEO and Co-Founder. Pagaya's ability to efficiently execute its latest auto ABS deal, reflects continued strong capital markets demand for Pagaya's assets. Since 2018, Pagaya has raised over $27 billion across 67 ABS transactions to fund loan originations across multiple products, including personal loan and auto. "In an increasingly competitive capital markets environment, our Auto ABS program showcases that demand for and investor confidence in our auto assets remains high," said Sahil Chandiramani, Pagaya's Head of Capital Markets. "We remain focused on increasing scale and efficiency while continuing our strong track record of stable asset performance." 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 New York and Tel Aviv. For more information, visit View source version on Contacts Investors & Analysts ir@ Media & Press press@
