Affirm Secures $4 Billion Partnership With Sixth Street to Drive Growth [Yahoo! Finance]
Affirm Holdings, Inc. - Class A (AFRM)
Company Research
Source: Yahoo! Finance
AFRM recently announced that it is entering into a long-term capital partnership with global investment firm Sixth Street. Under this partnership, Sixth Street will invest up to $4 billion in purchasing Affirm loans over the next three years through an innovative AssetCo structure. In the same month, PGIM Fixed Income completed a $500 million private purchase of Affirm's loans. This transaction is the largest capital commitment in Affirm's history. By leveraging this funding, Affirm gains the flexibility to extend more than $20 billion in loans over the same period, enabling the company to scale its payment network while maintaining a capital-efficient approach. AFRM will benefit from improved working capital, which will aid it in investing its resources effectively to grow its business. This move also strengthens Affirm's funding base, which now boasts a 50% increase in total funding capacity over the past two years to $16.8 billion as of Sept. 30, 2024. Affirm aims to regularly
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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