Pagaya Technologies Ltd. has announced the launch of a new asset-backed revolving securitization program, POSH (Pagaya Point of Sale Holdings Trust), focused on point-of-sale financing. The inaugural transaction, POSH 2025-1, is a $300 million AAA-rated deal with an 18-month revolving period. The revolving nature of the deal structure allows Pagaya to reinvest capital as loans are repaid, significantly expanding overall lending capacity and increasing capital efficiency. The transaction is expected to close next week. No specific interest rate or maturity date beyond the revolving period is provided in the announcement.
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