debt
confidence high
sentiment neutral
materiality 0.70
Affirm prices $1.5B upsized 0% convertible senior notes due 2026
Affirm Holdings, Inc.
- Upsized from $1.25B to $1.5B aggregate principal amount; option for additional $225M.
- Conversion price ~$215.65/share, 55% premium to last sale on Nov 18.
- Net proceeds ~$1.48B ($1.70B with option) for growth and general corporate purposes.
- Notes mature Nov 15, 2026; no regular interest; senior unsecured.