secwatch.observer — SEC 8-K summary
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Issuer:     Affirm Holdings, Inc. (AFRM)
CIK:        0001820953
Form:       8-K
Filed at:   2024-07-01T23:59:59+00:00
Accession:  0001820953-24-000027
Event type: cyber
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Affirm reports Affirm Card data breach via Evolve Bank & Trust; secures $330M credit facility
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- Evolve Bank & Trust notified Affirm that Affirm Card user personal information compromised in third-party cyber incident; Affirm systems not breached.
- Affirm began investigation, notified law enforcement and all Affirm Card users; heightened fraud monitoring; card usage unaffected.
- Amendment No. 2 to revolving credit facility increased commitments from $205M to $330M and extended maturity to June 26, 2027.
- Borrowings bear interest at SOFR + 1.75% or base rate + 0.75%; commitment fee 0.20% on unused; no amounts drawn at closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820953/000182095324000027/0001820953-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820953/000182095324000027/afrm-20240625.htm
  HTML page:      https://secwatch.observer/filing/0001820953-24-000027

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