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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AFRM: