Will PGIM's $3B Facility Help Affirm Scale its BNPL Offerings Fast?

Affirm Holdings, Inc. AFRM has expanded its partnership with PGIM Fixed Income by establishing a new $3 billion revolving loan sale facility. This arrangement allows PGIM, a Prudential Financial, Inc. PRU unit, to purchase up to $500 million of Affirm’s consumer loans at any given time over a 36-month period.This...