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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