Pagaya Technologies LTD. announced the pricing of RPM 2025-2, a new $295 million AA-rated auto loan asset-backed securitization (ABS) transaction. This pricing occurred amidst market volatility, demonstrating continued strong investor confidence in Pagaya’s assets. The company's RPM shelf is now in its sixth year of operation.
Investors continue to seek high-quality assets with attractive yields, and Pagaya's RPM shelf has developed a track record of delivering strong returns. CEO Gal Krubiner noted that these market dislocations present ideal opportunities for investors to take calculated risks.
Since 2018, Pagaya has raised over $27 billion across 67 ABS transactions to fund loan originations across multiple products, including personal loans and auto. Sahil Chandiramani, Pagaya’s Head of Capital Markets, highlighted that the Auto ABS program showcases high demand and investor confidence in their auto assets, with a focus on increasing scale and efficiency.
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