Pagaya (PGY) announced a new forward flow agreement with Castlelake for the purchase of up $2.5B of personal loan assets over a 16-month term, subject to satisfaction of closing conditions. This new deal provides additional funding capacity for accelerated growth of Pagaya’s personal loan program. It builds on Pagaya and Castlelake’s first forward flow agreement, which was signed in 2024 and committed up to $1B in capital over a 12-month period.
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