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Pagaya Technologies Ltd. - Class A Ordinary Shares (PGY)

33.64
+1.98 (6.25%)
NASDAQ · Last Trade: Jul 23rd, 6:09 PM EDT
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Pagaya Announces Pricing of Upsized $500 Million 8.875% Senior Unsecured Notes Offering
Pagaya Technologies LTD. (NASDAQ: PGY) (“Pagaya” or the “Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced that its wholly owned subsidiary, Pagaya US Holding Company LLC (“Pagaya US”), priced the offering of $500 million aggregate principal amount of 8.875% senior unsecured notes due 2030 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) (a “qualified institutional buyer”), that are qualified purchasers as defined in Section 2(a)(51) of the Investment Company Act of 1940, as amended, and the rules thereunder (the “Investment Company Act”) (a “qualified purchaser”). These buyers must be acquiring the notes for their own account or for the account of another person, over which they exercise sole discretion, who also meets the criteria of a qualified institutional buyer and a qualified purchaser. The offering size was increased from the previously announced offering size of $450 million aggregate principal amount of notes as a result of strong demand on the offering. The issuance and sale of the notes is scheduled to settle on July 28, 2025, subject to customary closing conditions.
By Pagaya Technologies LTD. · Via Business Wire · July 23, 2025
Pagaya Closes AAA-Rated $400 Million RPM Deal, its Fourth Auto ABS of the Year
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 AAA-rated auto loan ABS transaction (RPM 2025-4). With this $400 million deal, Pagaya has raised a total of $1.3 billion in Auto ABS transactions year-to-date.
By Pagaya Technologies LTD. · Via Business Wire · July 22, 2025
Pagaya Announces Proposed Unsecured Senior Notes Offering
Pagaya Technologies LTD. (NASDAQ: PGY) (“Pagaya” or the “Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced that its wholly owned subsidiary, Pagaya US Holding Company LLC (“Pagaya US”), intends to offer, subject to market and other conditions, $450 million aggregate principal amount of unsecured senior notes due 2030 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) (a “qualified institutional buyer”), that are qualified purchasers as defined in Section 2(a)(51) of the Investment Company Act of 1940, as amended, and the rules thereunder (the “Investment Company Act”) (a “qualified purchaser”). These buyers must be acquiring the notes for their own account or for the account of another person, over which they exercise sole discretion, who also meets the criteria of a qualified institutional buyer and a qualified purchaser.
By Pagaya Technologies LTD. · Via Business Wire · July 22, 2025
Pagaya Announces Preliminary Second Quarter Results
Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”, the “Company” or “we”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced preliminary results for the quarter ended June 30, 2025. The Company now expects results to exceed the top end of prior guidance across most metrics.
By Pagaya Technologies Ltd. · Via Business Wire · July 17, 2025
Pagaya Signs New Forward Flow Agreement with Castlelake to Purchase Up to $2.5 Billion in Personal Loans
Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced a new forward flow agreement with Castlelake, L.P. ("Castlelake"), a global alternative investment firm specializing in asset-based private credit, for the purchase of up $2.5 billion of personal loan assets over a 16-month term, subject to satisfaction of closing conditions.
By Pagaya Technologies LTD. · Via Business Wire · July 14, 2025
Pagaya Announces Timing of Second Quarter 2025 Earnings Release
Pagaya Technologies (NASDAQ: PGY) intends to announce its second quarter 2025 earnings on August 7, 2025. A conference call to discuss those earnings will be held on the same day at 8:30 a.m. ET / 3:30 p.m. IDT.
By Pagaya Technologies · Via Business Wire · July 8, 2025
Pagaya Closes New PAID Deal of $600 Million, Capping Record Quarter for ABS Issuance
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.
By Pagaya Technologies LTD. · Via Business Wire · June 18, 2025
Pagaya Achieves First AAA-Rated Auto ABS with $300 Million Deal, Underscoring Strength of its Auto Platform
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.
By Pagaya Technologies LTD. · Via Business Wire · June 12, 2025
Pagaya to Participate in Upcoming June Investor Conferences
Pagaya Technologies Ltd. (“Pagaya” or the “Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced that the Company’s management team will participate in the following investor conferences:
By Pagaya · Via Business Wire · May 29, 2025
Pagaya Accelerates Point-of-Sale Market Penetration, with Over $1 Billion in Additional Funding Capacity Through Inaugural POS Securitization
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 launch of POSH (Pagaya Point of Sale Holdings Trust), a new asset-backed revolving securitization program focused on point-of-sale financing (“POS”), which will enable Pagaya to be a growth catalyst for point-of-sale providers in the U.S.
By Pagaya Technologies LTD. · Via Business Wire · May 22, 2025
Pagaya Reports First Quarter 2025 Results, GAAP Profitable Earlier than Expected
Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”, the “Company” or “we”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced financial results for the quarter ending March 31, 2025.
By Pagaya Technologies Ltd. · Via Business Wire · May 7, 2025
Pagaya to Participate in Upcoming May Investor Conferences
Pagaya Technologies Ltd. (“Pagaya” or the “Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced that the Company’s management team will participate in the following investor conferences:
By Pagaya Technologies Ltd. · Via Business Wire · April 30, 2025
Pagaya Executes New AAA-Rated $500 Million Consumer Loan ABS Deal, Underscoring Continued Strong Investor Demand
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 $500 million AAA-rated personal loan ABS transaction (PAID 2025-3), with a total of ~$800 million raised in the past 3 days across all ABS transactions.
By Pagaya Technologies · Via Business Wire · April 24, 2025
Pagaya Announces Timing of First Quarter 2025 Earnings Release
Pagaya Technologies (NASDAQ: PGY) intends to announce its first quarter 2025 earnings on May 7, 2025. A conference call to discuss those earnings will be held on the same day at 8:30 a.m. ET / 3:30 p.m. IDT.
By Pagaya Technologies · Via Business Wire · April 17, 2025
Pagaya Prices ~$300 Million Auto ABS Transaction Demonstrating Strong Investor Confidence
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.
By Pagaya Technologies LTD. · Via Business Wire · April 14, 2025
Pagaya Closes New AAA-Rated $500 Million Consumer Loan ABS Deal
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 $500 million AAA-rated personal loan ABS transaction (PAID 2025-2).
By Pagaya Technologies LTD. · Via Business Wire · March 13, 2025
Pagaya Reports Fourth Quarter and Full Year 2024 Results
Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”, the “Company” or “we”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced financial results for the fourth quarter and full year 2024.
By Pagaya Technologies Ltd. · Via Business Wire · February 13, 2025
Pagaya’s Strong Momentum Continues with Closing of $300 Million Auto Asset-Backed Securitization
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 $300 million AA-rated auto loan ABS transaction (RPM 2025-1).
By Pagaya Technologies LTD. · Via Business Wire · February 10, 2025
Pagaya Announces Forward Flow Agreement with Blue Owl Managed Funds to Purchase up to $2.4 Billion of Consumer Loans Originated on the Pagaya Network
Pagaya Technologies LTD. (NASDAQ: PGY) (“Pagaya” or “the Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced a new forward flow agreement with funds managed by Blue Owl Capital (“Blue Owl”) to purchase up to $2.4 billion in consumer loans through the Pagaya network over a 24-month period.
By Pagaya Technologies LTD. · Via Business Wire · February 6, 2025
Pagaya Closes $600 Million Consumer Loan ABS, Reflecting Strong Capital Markets Demand to Start the Year
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 $600 million AAA-rated personal loan ABS transaction (PAID 2025-1).
By Pagaya Technologies LTD. · Via Business Wire · January 30, 2025
Pagaya Announces Timing of Fourth Quarter 2024 Earnings Release
Pagaya Technologies (NASDAQ: PGY) intends to announce its fourth quarter 2024 earnings on February 13, 2025. A conference call to discuss those earnings will be held on the same day at 8:30 a.m. ET / 3:30 p.m. IST.
By Pagaya Technologies · Via Business Wire · January 23, 2025
Pagaya Announces Appointment of Two Fintech Veterans as Independent Directors to its Board
Pagaya Technologies Ltd. (“Pagaya”) (NASDAQ: PGY), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, announced today the appointment of two new independent directors to the Company's Board of Directors - Asheet Mehta and Alison Davis.
By Pagaya Technologies Ltd. · Via Business Wire · December 23, 2024
Pagaya Announces New $600 Million Consumer Loan ABS Deal, Underscoring Strong Momentum Ahead of 2025
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 $600 million AAA-rated personal loan ABS transaction (PAID 2024-11) and expects to close an additional $100 million pass-through transaction (PT 2024-2) next week.
By Pagaya Technologies LTD. · Via Business Wire · December 12, 2024
Pagaya Expands Term Loan with Improved Terms and Additional Corporate Lending Partners
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 completion of its previously-announced $100 million term loan upsize, with an additional $28 million of funding provided by Canadian Imperial Bank of Commerce (CIBC) and Bank of Montreal (BMO). The two banks also funded a $15 million expansion of Pagaya’s revolving credit facility. Additionally, the Company completed its previously-announced sale of $100 million of balance sheet securities, executed at a premium to the securities’ carrying value.
By Pagaya Technologies LTD. · Via Business Wire · December 3, 2024
Pagaya Reports Third Quarter and Nine Months Ended 2024 Results
Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”, the “Company” or “we”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced financial results for the third quarter and nine months ended 2024.
By Pagaya Technologies Ltd. · Via Business Wire · November 12, 2024