affirm holdings inc afrm said thursday that it intends to offer 125 billion in convertible notes the company plans to use the proceeds for general corporate purposes and to help fund future growth initiatives the notes would be due in 2026 and affirm anticipates that it will grant initial purchasers the option to buy up to an additional 1875 million of notes on the same terms within a 13day period starting when the notes get first issued shares of affirm are off 44 in premarket trading thursday the buynow paylater companys stock has rocketed 135 over the past three months as the sp 500 spx has risen about 7