Affirm prices $800M 0.75% convertible notes due 2029; proceeds to repurchase debt and stock

Affirm Holdings, Inc.

Upsized from $750M; initial conversion price ~$101.02/share (42.5% premium to Dec 17 close of $70.89).
Net proceeds ~$785.2M ($903.1M if over-allotment exercised) to repurchase ~$960M of 0% notes due 2026 and $250M of Class A stock.
Notes bear 0.75% interest, mature Dec 15, 2029; redeemable after Dec 20, 2027 if stock price >=130% conversion price.
Offering in private placement to QIBs; not registered under Securities Act.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.