Pagaya Technologies Announces Auto Resecuritization Transaction, RPM-2026-R1, Closing At ~$450M

• Featuring auto loans with ~24 months of seasoning, offering enhanced stability and a proven track record
• The transaction attracted 17 unique investors, highlighting demand for seasoned collateral from both new and existing RPM capital partners

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 its first-ever auto resecuritization transaction, RPM-2026-R1 closing at ~$450M.

Following the success of Pagaya's personal loan resecuritization program, this transaction launches the RPM-R shelf (Pagaya's auto resecuritization shelf), designed for investors seeking seasoned auto collateral with an established performance history. By providing access to a pool of diversified auto assets with 24 months of seasoning, this format provides investors with a "de-risked" entry point into the company's auto loan ecosystem and diversifies its investor base.

The transaction saw participation from 17 unique investors, demonstrating robust appetite for the new format. This launch follows a record-breaking 2025, where Pagaya raised over $8.5 billion across its ABS platforms. Since 2018, Pagaya has raised more than $36 billion across 85+ ABS transactions.