Affirm Holdings, Inc. announced it has entered into an amendment to its revolving credit agreement, significantly increasing its borrowing capacity and extending the maturity date. Separately, the company appointed Ryan Schneider, former CEO of Anywhere Real Estate, to its Board of Directors.
Key Details
- Amended Credit Agreement: The unsecured revolving credit facility was increased from $330 million to $675 million, with the maturity date extended two years to June 18, 2029. Proceeds will be used for general corporate purposes.
- Interest Rates: Borrowings under the amended agreement will bear interest at either a SOFR rate plus a 1.50% margin or a base rate plus a 0.50% margin. A commitment fee of 0.15% per annum applies to unused commitments.
- Board Appointment: Ryan Schneider was appointed to the Board of Directors, effective July 1, 2026. Mr. Schneider previously served as CEO of Anywhere Real Estate and President, Card Business for Capital One. He will join the Audit and Nominating and Governance Committees.