Purchasing Power Successfully Closes $225 Million Asset‑Backed Securities Transaction

Core Viewpoint - Purchasing Power, a subsidiary of PROG Holdings, has successfully closed a $225 million asset-backed securities transaction, achieving significant cost savings in the process [1] Group 1: Company Overview - Purchasing Power is a leading provider of voluntary employee benefit programs that enable employees to purchase products and services through automatic payroll deductions [1] Group 2: Financial Highlights - The recent issuance of notes amounted to $225 million [1] - The transaction achieved an over 180 basis-point reduction in the weighted average coupon rate compared to the previous 2024 ABS transaction [1]