Affirm announces $1.25B convertible senior notes offering due 2026

Affirm Holdings, Inc.

Affirm proposes $1.25B of Convertible Senior Notes due 2026; option for additional $187.5M.
Notes mature November 15, 2026; conversion terms at option of holder under specified conditions.
Proceeds for general corporate purposes and to fund growth initiatives including working capital and capex.
No redemption before Nov 20, 2024; after that, if stock exceeds 130% of conversion price for specified period.
Offered only to QIBs via Rule 144A; not registered under Securities Act.

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