10:31 AM EST, 02/10/2025 (MT Newswires) -- Pagaya Technologies ( PGY ) said Monday it has completed a $300 million auto loan asset-backed securitization transaction, dubbed RPM 2025-1.

Fourteen investors, mostly repeat participants, took part, and the deal was oversubscribed, the company said.

The deal aligns with the company's strategy to reduce its reliance on its own capital for funding its auto loan program.

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