debt
confidence high
sentiment neutral
materiality 0.65
Affirm issues $920M of 0.75% convertible notes due 2029, repurchases $960M of 2026 notes and $250M stock
Affirm Holdings, Inc.
- Issued $920M aggregate principal of 0.75% Convertible Senior Notes due 2029, including $120M overallotment exercised.
- Initial conversion rate 9.8992 shares per $1,000 principal, conversion price ~$101.02 per share.
- Repurchased $960M of 0% convertible notes due 2026 for $892.8M in privately negotiated transactions.
- Repurchased 3,526,590 shares of Class A common stock for ~$250M from note purchasers.
- Notes mature December 15, 2029; interest payable semiannually starting June 15, 2025.