Affirm, Prudential's PGIM to Invest Up to $3 Billion Via New Loan Sale Facility

MT Newswires Live

06/18

Affirm (AFRM) and Prudential Financial's (PRU) PGIM Fixed Income said Wednesday they have expanded their partnership with a new revolving pass-through loan sale facility.

The facility will invest up to $3 billion over 36 months by purchasing up to $500 million of Affirm loans at any one time, the companies said in a statement.

Affirm shares were up 2.5% while Prudential shares were fractionally higher in recent premarket activity.

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