Pagaya Secures First Variable Funding Note Facility with ATLAS SP Partners, Advancing Long-Term Committed Capital Strategy
Business Wire•29/09/2026•08:30 ET
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Key Highlights
- ➤Pagaya (PGY) closes inaugural VFN facility with ATLAS SP Partners
- ➤Nearly $700 million funding capacity targets Pagaya’s personal loan platform
- ➤Revolving facility enables Pagaya to draw, repay and redeploy liquidity
- ➤Dedicated vehicle seasons loans before securitization, supporting AAA-rated PAID ABS platform
Expert Statements
Jon Dobres, Chief Financial Officer at Pagaya
“Securing this VFN with ATLAS is the first step in expanding our warehouse capabilities with banks and other financing partners. As we expand our funding strategy with diverse sources of capital, we drive profitable growth with enhanced funding visibility.”
Pagaya Secures First Variable Funding Note Facility with ATLAS SP Partners, Advancing Long-Term Committed Capital Strategy
* New revolving warehouse line for personal loans drives capital efficient growth and longer-term funding visibility
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