Affirm (AFRM) and PGIM Fixed Income (PRU) announced the expansion of their capital partnership with a new revolving pass-through loan sale facility. The facility will invest up to $3B over 36 months by purchasing up to $500M of Affirm loans at any one time. This follows PGIM’s earlier private purchase of $500M in Affirm loans in December 2024. Affirm’s Chief Capital Officer Brooke Major-Reid stated the facility demonstrates how they can utilize innovative structures to create winning partnerships.
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