Published on 13 Dec 2024 on Benzinga
On Friday, fintech company Affirm Holdings, Inc 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.