Pagaya and Castlelake agree on forward flow for up to $1B consumer loan purchases

Pagaya Technologies Ltd.

Castlelake to purchase up to $1 billion in consumer loans originated on Pagaya network, subject to terms and conditions.
Initial 12-month term with potential extension; loans acquired monthly after closing conditions satisfied.
Expands Pagaya's funding diversification beyond its ABS program; drives capital efficiency with minimal own capital use.
CFO says this is a core element of financial strategy; Castlelake partner notes attractive risk-adjusted exposure.

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