Affirm (AFRM) has increased the size of its revolving credit facility to $675 million from $330 million and extended the maturity by two years, according to a regulatory filing Thursday.
The amended credit agreement replaces the prior facility and permits unsecured borrowings for general corporate purposes, the company said.
Borrowings under the facility will bear interest at either a SOFR-based rate plus 1.5% per year or a base rate plus 0.5%, at the borrower's option. The agreement also requires a 0.15% commitment fee on unused commitments, Affirm said in the filing.
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