---
schema_version: "secwatch.filing_event.v1"
accession: "0001883085-24-000085"
form_type: "8-K"
ticker: "PGY"
cik: "0001883085"
company_name: "Pagaya Technologies Ltd."
filed_at: "2024-08-09T23:59:59+00:00"
generated_at: "2026-05-31T10:32:06.528885+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001883085-24-000085
- form_type: 8-K
- ticker: PGY
- cik: 0001883085
- company_name: Pagaya Technologies Ltd.
- filed_at: 2024-08-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883085/000188308524000085/0001883085-24-000085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883085/000188308524000085/pgy-20240809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001883085-24-000085
- JSON: https://secwatch.observer/filing/0001883085-24-000085.json
- Plain text: https://secwatch.observer/filing/0001883085-24-000085.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.