Pagaya closes $650 million auto loan asset-backed securitization deal
PGY•Pagaya priced and closed a $650 million asset-backed securitization backed by auto loans, its 100th ABS deal since 2018, bringing lifetime ABS issuance above $44 billion.
1. Securitization details
The RPM 2026-5 transaction drew 35 investors, including five new investors to the RPM shelf. It brings Pagaya’s lifetime ABS issuance across consumer credit assets to more than $44 billion.
