PGIM Inks Deal For $3 Billion of GreenSky Home Improvement Loans

Prudential Financial Inc.'s asset-management unit, PGIM, agreed to purchase up to $3 billion of home improvement loans from lender GreenSky over three years. The arrangement gives PGIM exposure to the home improvement lending market. GreenSky originates loans for home upgrades and repairs that homeowners use to finance renovations.

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