secwatch.observer — SEC 8-K summary
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Issuer:     Affirm Holdings, Inc. (AFRM)
CIK:        0001820953
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0001820953-24-000073
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Affirm issues $920M of 0.75% convertible notes due 2029, repurchases $960M of 2026 notes and $250M stock
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820953/000182095324000073/0001820953-24-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820953/000182095324000073/afrm-20241220.htm
  HTML page:      https://secwatch.observer/filing/0001820953-24-000073

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