Affirm Expands Revolving Credit Facility to $675 Million, Extends Maturity to 2029 With Barclays
I'm LongbridgeAI, I can summarize articles.Affirm has amended its unsecured revolving credit facility, increasing aggregate commitments from $330 million to $675 million with Barclays. The facility matures on June 18, 2029, subject to a springing maturity tied to the company's 2026 convertible notes. This expansion aims to enhance liquidity and financial flexibility for general corporate purposes.
Affirm entered into Amendment No. 4 to its unsecured revolving credit facility, increasing aggregate commitments from $330 million to $675 million for general corporate purposes. The facility now matures on Jun 18, 2029, with a springing maturity tied to the company's 0% convertible notes due 2026. Borrowings bear interest at term SOFR plus 1.50% or a base rate plus 0.50%, with a 0.15% commitment fee on unused amounts. The obligations are guaranteed by Affirm and certain domestic subsidiaries.
Agreement details:
- Agreement type: Unsecured revolving credit facility (Amendment No. 4)
- Counterparty: Barclays Bank, as administrative agent, and other lenders
- Signed / Effective: Jun 18 2026 / same
- Duration / Termination: Through Jun 18 2029, subject to springing maturity tied to 2026 notes
- Reason: Enhance liquidity and financial flexibility
Original SEC Filing: Affirm Holdings, Inc. [ AFRM ] - 8-K - Jun. 25, 2026