debt
confidence high
sentiment neutral
materiality 0.75
Affirm proposes $750M convertible notes due 2029, concurrent stock buyback up to $300M
Affirm Holdings, Inc.
- Offering $750M in convertible senior notes due Dec 2029; initial purchasers may purchase up to $112.5M additional.
- Net proceeds to repurchase portion of existing 0% convertible notes due 2026 and up to $300M of Class A common stock.
- Notes convertible upon conditions before Sept 2029; Affirm may settle in cash, stock, or combination.
- Concurrent repurchases of 2026 notes and stock in private transactions; terms individually negotiated.