Transaction demonstrates PGIM’s continued momentum and focus on scaling its asset-based finance platform

NEWARK, N.J., Aug. 20, 2026 – PGIM, the $1.5 trillion global asset management business of Prudential Financial, Inc. (NYSE: PRU), has committed to a three-year forward-flow facility with GreenSky, LLC and certain affiliates (GreenSky) involving consumer home improvement assets, with a forecasted total purchase volume of approximately $3 billion. The transaction is designed to provide the GreenSky® Program with long-term, committed capital while offering PGIM a strong credit profile supported by a prime collateral pool originated and serviced by a market-leading platform.

“Home improvement lending continues to stand out as a compelling segment within consumer credit. Additionally, the aging housing stock is driving increased demand for critical home infrastructure and improvements,” said Oliver Nisenson, head of private asset-based finance at PGIM. “We’re pleased to leverage our unique asset-based finance (ABF) capabilities to provide the GreenSky® Program with reliable capital to expand homeowners’ access to financing.”The GreenSky® Program is the largest dedicated point-of-sale home improvement lending platform in the United States. PGIM’s relationship with GreenSky spans both the private asset-based finance and broadly syndicated securitization markets.

“PGIM’s flexible, scaled capital commitment represents an important step in expanding the GreenSky^® Program’s long-term capital needs, supporting continued growth across our platform,” added Dan Budington, chief financial officer of GreenSky.

Gabriel Rivera, co-head of securitized products at PGIM, added, “This transaction highlights our ABF platform’s differentiated ability to deliver capital solutions at every stage of the housing value chain, including land banking, residential mortgage credit, and home improvement finance.”

The transaction follows PGIM’s recent commitment to provide $4 billion in funding for new land banking projects to Domain Real Estate Partners, LLC, further underscoring the firm’s momentum across private asset-based finance, a business within PGIM’s securitized products platform.

PGIM’s securitized products platform, which has grown to $175 billion, is a key component of PGIM’s $1.2 trillion credit investment platform, offering clients access to public and private markets across a comprehensive range of investment types built to meet clients’ specific needs and risk and liquidity preferences.*

ABOUT PGIM

PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), with $1.5 trillion in assets under management.* PGIM offers clients deep expertise across public and private asset classes, delivering a diverse range of investment strategies and tailored solutions — including fixed income, equities, real estate, and alternatives.  With 1,500+ investment professionals across 40 offices in 20 countries, we serve retail and institutional clients worldwide. For more information, visit pgim.com.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.

ABOUT GREENSKY HOME IMPROVEMENT

GreenSky, LLC, headquartered in Atlanta, Georgia, is a leading financial technology company Powering Commerce at the Point of Sale® for a growing ecosystem of merchants, consumers, and banks. GreenSky’s highly scalable, proprietary and patented technology platform enables merchants to offer frictionless financing options to consumers, driving increased sales volume and accelerated cash flow. The GreenSky® Program is operated on behalf of, and financing is provided by, federally insured, federal or state chartered financial institutions, which leverage GreenSky’s technology to offer and make loans to super-prime and prime consumers nationwide. Since GreenSky’s inception, nearly 6 million consumers have financed nearly $70 billion of commerce using GreenSky’s real time “apply and buy” technology.

^*As of June 30, 2026.

Please refer to the Terms and Conditions on pgim.com for important information.© 2026 PFI and its related entities, registered in many jurisdictions worldwide.