secwatch.observer — SEC 8-K summary
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Issuer:     Affirm Holdings, Inc. (AFRM)
CIK:        0001820953
Form:       8-K
Filed at:   2021-11-18T23:59:59+00:00
Accession:  0001104659-21-140874
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Affirm announces $1.25B convertible senior notes offering due 2026
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820953/000110465921140874/0001104659-21-140874-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820953/000110465921140874/tm2133226d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-140874

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