Affirm Holdings expands revolving credit facility to $675 million, adds director Ryan Schneider
Affirm Holdings amended its revolving credit agreement on June 18, 2026, raising the aggregate commitment from $330 million to $675 million and extending maturity two years to June 18, 2029. The company also appointed Ryan Schneider, former CEO of Anywhere Real Estate, to its Board effective July 1, 2026, expanding the Board from nine to ten directors.
Key points
- Aggregate commitment under the revolving credit agreement increased from $330 million to $675 million; no amounts were outstanding at closing.
- Maturity extended two years to June 18, 2029, but the facility matures early if 2026 convertible notes outstanding reach the greater of $150 million or the company's liquidity level, 91 days before those notes mature.
- Ryan Schneider joins the Board as a Class III director and the Audit and Nominating and Governance committees, effective July 1, 2026.
- Schneider's non-employee director pay includes RSUs with an aggregate value of $260,000 for his initial grant, a $260,000 annual RSU grant, and a $55,000 annual cash retainer.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 25, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.