Company: AFRM
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001820953-25-000012
Chunk: 36

Company: Affirm Holdings, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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,954 61,336 Sales and repurchase agreements5.79% - 6.66%2025 -202966,933 48,751 Notes issued by securitization trusts4,000,000 4.62% - 11.32%6.28%2028 - 20304,217,842 4,000,000 Convertible senior notes:2026 Notes—%2027248,704 2029 Notes0.75%2030920,000 Revolving credit facility (4)330,000 0.75% - 1.75%0.20%2027— Total, before unamortized debt issuance costs, premiums and discounts$7,347,212 Less: unamortized debt issuance costs, premiums and discounts (5)(40,471)Total$7,306,741 (1)As of December 31, 2024, international facilities finance the origination of loan receivables in Canada and are denominated in CAD. (2)Reference rates as of December 31, 2024 under our U.S. facilities bear interest at an annual benchmark rate of Secured Overnight Financing Rate (“SOFR”) or an alternative commercial paper rate plus an applicable spread. Reference rates as of December 31, 2024 under our international facilities bear interest at an annual benchmark rate of the Canadian Overnight Repo Rate Average (“CORRA”), Government of Canadian benchmark bond yields, or an alternative commercial paper rate plus an applicable spread. As debt arrangements are renewed, the reference rate and/or spread are subject to change.(3)As of December 31, 2024, represents the unpaid principal balance of loans, pledged as collateral for borrowings in our facilities, except for our sales and repurchase agreements which are collateralized by the retained securitization notes receivables and certificates.(4)This facility bears interest at a rate equal to, either (a) for SOFR borrowing, a SOFR rate determined by reference to the forward-looking term SOFR rate for the interest period, plus an applicable margin of 1.75% per annum or (b) for alternative base rate borrowings, a base rate determined by reference to the highest of (i) the federal funds rate plus 0.50% per annum, (ii) the rate last quoted by the Wall Street Journal as the U.S. prime rate and (iii) the one-month forward-looking term SOFR