Pagaya closes $600 million AAA-rated personal loan ABS transaction
PGY•Pagaya Technologies closed a $600 million AAA-rated personal loan ABS transaction, PAID 2026-6. Year-to-date ABS issuance topped $9 billion, including more than $6 billion in personal loan ABS.
1. Transaction details
The transaction drew 47 investors, including three first-time participants in Pagaya’s broader ABS platform. Pricing tightened versus recent deals, signaling stronger investor demand for Pagaya’s personal loan securitizations.
