secwatch.observer — SEC 8-K summary
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Issuer:     Affirm Holdings, Inc. (AFRM)
CIK:        0001820953
Form:       8-K
Filed at:   2026-06-25T20:05:17+00:00
Accession:  0001628280-26-045491
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Affirm upsizes revolver to $675M, extends maturity, adds director Ryan Schneider
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- Revolving credit facility increased from $330M to $675M; maturity extended to June 18, 2029 (subject to 2026 convertible notes condition).
- No amounts outstanding at closing; proceeds for general corporate purposes. Interest SOFR+1.50% or base+0.50%.
- Ryan Schneider appointed Class III director effective July 1, 2026; former CEO of Anywhere Real Estate and Capital One executive.
- Schneider joins Audit and Nominating/Governance committees; receives standard director compensation ($260K RSU grant, $55K cash retainer).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820953/000162828026045491/0001628280-26-045491-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820953/000162828026045491/afrm-20260618.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-045491

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