Current Report Filing (8-k)
08 March 2023 - 09:02AM
Edgar (US Regulatory)
FALSE000182095300018209532023-02-152023-02-15
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
March 6, 2023
Affirm Holdings, Inc.
(Exact name of registrant as specified in charter)
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Delaware |
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001-39888 |
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84-2224323 |
(State or other jurisdiction
of incorporation)
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(Commission
File Number) |
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(IRS Employer
Identification No.)
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650 California Street |
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San Francisco, California
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94108 |
(Address of principal executive offices) |
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(Zip Code) |
Registrant’s telephone number, including area code:
(415) 984-0490
Not Applicable
(Former name or former address, if changed since last
report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
☐ Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
☐ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
☐ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
☐ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the
Act:
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Title of each class: |
Trading symbol(s) |
Name of exchange on which registered |
Class A common stock, $0.00001 par value |
AFRM |
Nasdaq Global Select Market |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange
Act.
☐
Item 8.01. Other Events.
On March 6, 2023, Affirm Holdings, Inc. (the “Company”) entered
into an additional privately negotiated transaction with a holder
of its outstanding 0% Convertible Senior Notes due 2026 (the “2026
Notes”) that participated in the repurchase the Company reported on
February 14, 2023. Pursuant to the terms of the transaction, the
Company will pay approximately $48 million in cash for the
repurchase of approximately $70 million aggregate principal amount
of the 2026 Notes (the “March 2023 Note Repurchase”). The March
2023 Note Repurchase is expected to close on or about March 8,
2023. Following the closing of the March 2023 Note Repurchase, when
aggregated with the note repurchases that the Company announced on
February 14, 2023, the Company will have repurchased approximately
$299 million aggregate principal amount of the 2026 Notes, with
approximately $1.43 billion in aggregate principal amount of the
2026 Notes remaining outstanding with terms unchanged.
The Company will not receive any cash proceeds from the March 2023
Note Repurchase. In exchange for paying cash pursuant to the March
2023 Note Repurchase, the Company will receive and cancel the
repurchased 2026 Notes.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly
authorized.
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AFFIRM HOLDINGS, INC. |
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By: |
/s/ Michael Linford |
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Name: Michael Linford |
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Title: Chief Financial Officer |
Date: March 7, 2023
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