Pagaya closes USD 750 million auto ABS transaction RPM 2026-4
PGY•Pagaya closes its largest auto ABS to date
Pagaya priced an upsized USD 750 million auto asset-backed securitization, RPM 2026-4, its largest auto ABS to date.
The deal marked its fourth fully pre-funded auto ABS transaction of 2026, lifting year-to-date pre-funded auto ABS issuance to USD 2.25 billion.
Structure includes first excess spread tranche
Structure included Pagaya’s first excess spread tranche, aimed at improving cash-flow allocation while retaining residual portfolio returns.
