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Pagaya Technologies Closes $400 Million Asset-Backed Security Transaction; Shares Up Pre-Bell
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Pagaya Technologies Closes $400 Million Asset-Backed Security Transaction; Shares Up Pre-Bell
Oct 6, 2025 6:33 AM

09:00 AM EDT, 10/06/2025 (MT Newswires) -- Pagaya Technologies ( PGY ) said Monday that it closed a $400 million asset-backed security deal supported by auto loans from its network of auto lenders, including Ally and Westlake.

The company said the transaction raised its cumulative auto ABS issuance for the year to approximately $1.7 billion.

Shares of Pagaya Technologies ( PGY ) were up 1.8% in recent premarket activity.

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