secwatch.observer — SEC 8-K summary
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Issuer:     Affirm Holdings, Inc. (AFRM)
CIK:        0001820953
Form:       8-K
Filed at:   2024-12-18T23:59:59+00:00
Accession:  0001820953-24-000065
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820953/000182095324000065/0001820953-24-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820953/000182095324000065/afrm-20241217.htm
  HTML page:      https://secwatch.observer/filing/0001820953-24-000065

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer