Loan & DebtJul 9, 2026, 05:33 PM
Figure Prices $600M Senior Notes Due 2031 for Kiavi Acquisition
AI Summary
Figure Technology Solutions, Inc. announced the pricing of its previously announced offering of $600 million in 8.500% senior notes due 2031. The notes were sold at 100% of the principal amount, with net proceeds expected to be approximately $587.5 million after deducting expenses. Figure intends to use these proceeds primarily to fund the cash consideration for the acquisition of Kiavi, an AI-powered lending platform, and for general corporate purposes. The closing of the issuance is anticipated on July 14, 2026.
Key Highlights
- Figure priced $600 million in 8.500% senior notes due 2031.
- Notes were sold at 100% of the principal amount.
- Expected net proceeds are approximately $587.5 million.
- Proceeds will primarily fund the acquisition of Kiavi.
- Closing of the notes issuance is expected on July 14, 2026.
- The notes are guaranteed by certain wholly-owned subsidiaries.
- Notes were offered privately to qualified institutional buyers or non-U.S. persons.
Price Impact
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