On Friday, fintech company Affirm Holdings, Inc (NASDAQ:AFRM) stock gained after the company announced a long-term capital partnership with Sixth Street to invest up to $4 billion in Affirm loans. The stock gave up the gains in the trading session. Through its Asset Based Finance platform, Sixth Street will invest up to $4 billion by purchasing Affirm loans in a unique AssetCo structure pursuant to a three-year forward flow agreement. The transa…

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Affirm Secures $4 Billion Loan Deal With Sixth Street to Boost BNPL Growth - Affirm Holdings (NASDAQ:AFRM)

Affirm Holdings is getting its largest-ever capital commitment with a new partnership from private credit firm Sixth Street.

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Buy now, pay later company Affirm strikes $4 billion loan deal with private credit firm Sixth Street

(Bloomberg) — Sixth Street agreed to buy as much as $4 billion of consumer installment loans from buy-now, pay-later lender Affirm Holdings Inc., marking the financial-technology firm’s largest capital commitment to date.

Financial Post

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Allianz

Canada

Sixth Street Inks $4 Billion Deal for Affirm's Consumer Loans

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Techmeme

California

Private-credit firm Sixth Street commits $4B in capital for Affirm to underwrite short-term installment loans of between four and six months

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BizToc

Affirm Stock Jumps as BNPL Company Secures $4 Billion Loan Deal

Affirm partners with Sixth Street to sell its buy now/pay later loans to the investment firm; Associated Banc-Corp promotes Steven Zandpour to deputy head of consumer and business banking; Visa Direct speeds up its money transfers; and more in this week's banking news roundup.

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Arizent

BNPL lender Affirm inks fresh forward-flow deal with Sixth Street

Payment network Affirm and global investment firm Sixth Street have formed a long-term capital partnership in which Sixth Street will invest up to $4 billion by purchasing Affirm loans in a three-year forward flow agreement. This capital commitment will enable Affirm to extend up to $20 billion in loans over the next three years, the companies said in a Friday (Dec. 13) press release. The partnership provides capital efficient funding to support…

PYMNTS.com

Affirm’s Lending Capacity Gets Boost From Sixth Street Investment

Affirm secures its largest-ever capital commitment through Sixth Street partnership, boosting total funding capacity to $16.8B. Deal enables expansion of consumer lending operations.

stocktitan.net

Affirm Lands Record $4B Funding Deal with Sixth Street, Expanding Loan Capacity to $20B+

' Affirm and Sixth Street Forge $4 Billion Capital Partnership to Enhance Lending' In a significant move within the financial services and lending sector, Affirm Holdings, Inc. (NASDAQ: AFRM) and Sixth Street have announced a long-term strategic partnership set to bolster Affirm's consumer loan business. Affirm, known for its alternative payment solutions that allow consumers to pay for purchases over time, has secured a crucial alliance with Si…

csimarket.com

#Affirm and Sixth Street Establish $4 Billion Financing Partnership to Expand Consumer Lending,

Affirm Inc (NASDAQ: AFRM) opened in the green this morning after private-credit firm Sixth Street agreed to buy up to $4 billion worth of its consumer installment loans. The transaction marks largest-ever capital commitment for the buy now, pay later company. Sixth Street has signed a “forward-flow agreement” with Affirm, meaning it has committed the capital even before the loans have originated. Affirm stock is now up some 200% versus its year-…

Affirm Secures $4 Billion Loan Deal With Sixth Street to Boost BNPL Growth - Affirm Holdings (NASDAQ:AFRM)

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