PGY Closes $400M RPM Deal: A Move to Further Diversify Funding?

Key Takeaways Pagaya closes $400M ABS deal, backed by auto loans.This marks PGY's fifth auto ABS deal in 2025, bringing YTD auto ABS issuance to $1.7B.Pagaya's lean balance sheet helps minimize credit exposure and avoid significant loan write-downs.Pagaya Technologies Ltd. (PGY) closed Revolving Pool Master (RPM) 2025-5, a $400-million asset-backed securities (ABS) transaction, backed by auto loans originated through its lending partners. The transaction received AAA ratings on its senior tranches and featu ...