Affirm climbs on expanded financing tie-up with Liberty Mutual

Sixth Street Specialty Lending

24/01/2025 12:51

** Shares of buy now, pay later (BNPL) co Affirm Holdings
 AFRM.O  up 4% to $59.05 before the bell after expanded
partnership with Liberty Mutual
    ** AFRM  Liberty Mutual Investments (LMI), asset-management
arm of the insurer, to upsize loan purchasing program and will
buy up to $750 mln of AFRM's loans through Jun 2027
  
    ** Over time, LMI expects to invest up to $5 bln in the
program, AFRM says
  
    ** Last month, private-credit manager Sixth Street  to
purchase up to $4 bln of ARFM's loans, and investment unit of
insurer Prudential Financial  PRU.N   $500 mln financing with
the BNPL co
  
    ** In Nov, AFRM  
  
    ** Through Thurs close, AFRM shares off ~7% to begin 2025.
Stock has more than doubled over the past six months
  

(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@tr.com 1-646-279-6380))