FINWIRES · TerminalLIVE
FINWIRES

Affirm, CPP Investments Extend Longstanding Loan Purchase Agreement

By

Affirm (AFRM) and Canada Pension Plan Investment Board said Thursday that they have renewed and expanded their forward-flow agreement for consumer installment loans.

Affirm will receive a $1.7 billion commitment from CPP Investments to purchase its loans under a 24-month arrangement, with the potential to increase the commitment to $2.2 billion, the company said.

The agreement is expected to support $8 billion in consumer loan volume over its term.

Shares of Affirm were up more than 1% in recent Thursday trading.

Price: $66.22, Change: $-0.05, Percent Change: -0.08%

Related Articles

Wire

Pinterest Expands Collaboration With Cloud Service Provider Amazon Web Services

Pinterest (PINS) said Thursday it is expanding its collaboration with Amazon.com's (AMZN) Amazon Web Services, its preferred cloud services provider.The expanded agreement includes a planned $4 billion commitment for cloud services until 2031, the company said, adding that the move will support AI projects and provide a better search and shopping experience.As part of the expanded deal, the company said it will diversify its use of accelerated compute to back its increasing AI needs.Price: $20.77, Change: $+0.08, Percent Change: +0.39%

$PINS
Wire

New Street Adjusts Price Target on Broadcom to $600 From $420, Maintains Buy Rating

Broadcom (AVGO) has an average rating of buy and mean price target of $505.74, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $410.39, Change: $-68.85, Percent Change: -14.37%

$AVGO
Wire

BHP Announcing Rail Transportation Agreements with CN and CPKC to Bring Jansen Potash to Global Customers

BHP Announcing Rail Transportation Agreements with CN and CPKC to Bring Jansen Potash to Global Customers

$CNR.TO$CP.TO