Affirm Holdings Announces Pricing of Convertible Senior Notes Offering

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announced the pricing of $800 million aggregate principal amount of 0.75% Convertible Senior Notes due 2029 in a private offering. The offering size was increased from the previously announced $750 million. The Notes are senior, unsecured obligations of Affirm, maturing on December 15, 2029. The initial conversion rate is 9.8992 shares of Affirm's Class A common stock per $1,000 principal amount of Notes, with a conversion premium of approximately 42.5% based on the last reported sale price on December 17, 2024. The Notes were offered to qualified institutional buyers under Rule 144A.

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About Affirm Holdings Inc.

Affirm Holdings Inc. is a financial technology company that offers a flexible and transparent alternative to traditional credit. Its primary function is to provide consumers with installment loans at the point of sale to finance purchases. This service allows customers to split the cost of large purchases into manageable payments over time, often without hidden fees or compounding interest, which is a distinctive feature in the credit space. Affirm is widely used in e-commerce sectors, partnering with a vast array of retailers to simplify the purchasing process online. Founded in 2012 and headquartered in San Francisco, California, Affirm leverages advanced data analytics to perform credit checks and approve loans quickly, positioning itself as a leader in the "buy now, pay later" market. Through these partnerships, retailers can increase their conversion rates by providing shoppers with more purchasing options, thus enhancing customer satisfaction. As a prominent player in the fintech industry, Affirm Holdings Inc. significantly influences consumer spending behaviors, impacting sectors ranging from retail and travel to wellness and automotive services.