Affirm and Sixth Street Announce Long-Term Capital Partnership to Invest up to $4 Billion in Affirm Loans
Affirm Holdings, Inc. - Class A (AFRM)
Company Research
Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, and Sixth Street, a leading global investment firm, today announced that they have entered into a long-term capital partnership whereby Sixth Street through its Asset Based Finance platform will invest up to $4 billion by purchasing Affirm loans in a unique AssetCo structure pursuant to a three year, forward flow agreement.The transaction represents the largest capital commitment secured by Affirm to date. It offers flexibility, commitment, and alignment from both partners and provides additional off-balance sheet funding with the ability for Affirm to extend up to more than $20 billion in loans over the next three years as the company continues to scale its payment network. As an industry-leading underwriter, Affirm offers easy-to-use solutions for merchant partners and access to transparent and flexible financing for consumers, creat
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AFRM
News
- Can Affirm & Adyen Unlock New Growth With Enhanced BNPL Offerings? [Yahoo! Finance]Yahoo! Finance
- WooCommerce Designates Affirm as a Leading Pay-Over-Time ProviderBusiness Wire
- Affirm Holdings, Inc. (NASDAQ: AFRM) was upgraded by analysts at JMP Securities from a "market perform" rating to an "outperform" rating. They now have a $78.00 price target on the stock.MarketBeat
- Affirm Holdings, Inc. (NASDAQ: AFRM) was upgraded by analysts at Jefferies Financial Group Inc. from a "hold" rating to a "buy" rating. They now have a $82.00 price target on the stock, up previously from $70.00.MarketBeat
- Affirm and Adyen Expand Partnership to Bring Flexible Payment Options to More Merchants and Platforms [Yahoo! Finance]Yahoo! Finance
AFRM
Earnings
- 11/7/24 - Beat
AFRM
Sec Filings
- 12/20/24 - Form 8-K
- 12/18/24 - Form 4
- 12/18/24 - Form 8-K
- AFRM's page on the SEC website