Pagaya secures variable funding note facility with ATLAS SP Partners
Pagaya (PGY) says it secured its first variable funding note facility with ATLAS SP Partners, as part of a longer-term committed capital strategy.
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Pagaya secures first variable funding note facility with ATLAS SP Partners
Pagaya said the revolving warehouse line expands its committed capital strategy and establishes nearly $700 million in funding capacity for its personal loan platform. The company said the structure will support long-term origination growth and multi-quarter liquidity visibility.
Pagaya Secures First Variable Funding Note Facility with ATLAS SP Partners, Advancing Long-Term Committed Capital Strategy
Pagaya Technologies Ltd. (NASDAQ:PGY) (“Pagaya”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the closing of its inaugural Variable Funding Note (VFN) facility with ATLAS SP Partners (“ATLAS”), the warehouse finance and securitized…