Business
Pagaya Closes AAA-Rated $400 Million RPM ABS with Strategic Funding Partner, One William Street
NEW YORK, October 06, 2025--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or "the Company"), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the closing of RPM 2025-5, a $400 million ABS transaction backed by auto loans originated through Pagaya’s network of top-tier national auto lenders, including partners such as Ally, Westlake, and a top-five auto captive.
About this update from Ally Financial Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":240,"url":"https://media.zenfs.com/en/business-wire.com/47d115453a6ff6d5f9a2ec23167b8075"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/q_UUzoYYH_.L8jBQlQLhog--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/47d115453a6ff6d5f9a2ec23167b8075","width":480,"height":240}},"lazy":false},{"type":"list","items":[{"val":[{"type":"text","content":"Fifth RPM transaction of 2025 brings Pagaya’s auto ABS issuance to an annual record of ~$1.7 billion year-to-date","length":113,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"One William Street Capital Management partners with Pagaya through its acquisition of the residual certificates, supporting continued build-out of Pagaya’s auto platform and improving its capital efficiency","length":206,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":319,"olType":false},{"type":"text","content":"NEW YORK, October 06, 2025--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or "the Company"), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the closing of RPM 2025-5, a $400 million ABS transaction backed by auto loans originated through Pagaya’s network of top-tier national auto lenders, including partners such as Ally, Westlake, and a top-five auto captive.","length":466,"tagName":"p"},{"type":"text","content":"One William Street Capital Management, L.P. ("OWS"), a premier New York-based alternative investment manager focused on asset-based, structured, and opportunistic credit strategies, has purchased the residual certificates from RPM 2025-5 as a strategic funding partner to Pagaya. This outcome, in today’s market environment, highlights the attractiveness of Pagaya’s auto assets and supports the Company’s strategic effort to grow its auto product offering.","length":467,"tagName":"p"},{"type":"text","content":""Our partnership with OWS, alongside strong execution, serves as strong indicators of both the durability and quality of our capital markets program," said Sahil Chandiramani, Pagaya’s Head of Capital Markets. "In today’s complex auto mar...