NasdaqCM:PGYSoftware
Pagaya’s $600 Million AAA ABS Deal And What It Means For PGY Stock
Pagaya Technologies completed a $600 million AAA-rated personal loan asset-backed securities transaction.
The deal brought four new institutional investors onto Pagaya's funding platform.
The securitization closed during a period of market volatility, indicating continued access to capital markets for the company.
For investors tracking NasdaqCM:PGY, this funding update sits alongside a share price of $13.01 and a mixed return profile. The stock is up 5.2% over the past week and 18.4% over...