---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-140874"
form_type: "8-K"
ticker: "AFRM"
cik: "0001820953"
company_name: "Affirm Holdings, Inc."
filed_at: "2021-11-18T23:59:59+00:00"
generated_at: "2026-06-28T07:06:46.189758+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Affirm announces $1.25B convertible senior notes offering due 2026

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-21-140874
- form_type: 8-K
- ticker: AFRM
- cik: 0001820953
- company_name: Affirm Holdings, Inc.
- filed_at: 2021-11-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820953/000110465921140874/0001104659-21-140874-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820953/000110465921140874/tm2133226d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-140874
- JSON: https://secwatch.observer/filing/0001104659-21-140874.json
- Plain text: https://secwatch.observer/filing/0001104659-21-140874.txt

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