Affirm Completes $500 Million Asset-Backed Securitization to Support Continued Growth
“Our capital strategy continues to be an important point of competitive differentiation for Affirm as our ABS program builds upon its already strong execution,” said
The offering included five classes of fixed-rate notes: Class A, Class B, Class C, Class D, and Class E, all of which were rated by DBRS-Morningstar, with assigned ratings of AA (sf), A (sf), BBB (sf), BB (sf), and B (sf), respectively. The notes were placed with a diversified mix of institutional investors in a private offering pursuant to Rule 144A under the Securities Act of 1933, as amended. Barclays acted as lead bookrunner and structuring agent with J.P. Morgan and
Affirm’s mission is to deliver honest financial products that improve lives. By building a new kind of payment network — one based on trust, transparency and putting people first — we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth. Unlike credit cards and other pay-over-time options, we show consumers exactly what they will pay up front, never increase that amount, and never charge any late or hidden fees. Follow Affirm on social media: LinkedIn | Instagram | Facebook | Twitter.
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