Loan & DebtJul 6, 2026, 09:51 AM
Figure Technology Solutions Announces $600M Senior Notes Offering
AI Summary
Figure Technology Solutions, Inc. announced a private offering of $600 million in senior notes due 2031. The company intends to use the net proceeds primarily to fund the cash consideration for its previously announced acquisition of Kiavi, Inc., an AI-powered lending platform. Any remaining proceeds will be allocated to general corporate purposes and to cover fees and expenses related to the offering. The completion of this notes offering is not conditioned on the completion of the Kiavi Acquisition.
Key Highlights
- Figure Technology Solutions announced a private offering of $600 million in aggregate principal amount of senior notes due 2031.
- Proceeds from the offering will primarily fund the cash consideration for the acquisition of Kiavi, Inc.
- Remaining proceeds will be used for general corporate purposes and to cover offering fees and expenses.
- The completion of the notes offering is not contingent on the completion of the Kiavi Acquisition.
- If the Kiavi Acquisition is not completed, net proceeds will be used for general corporate purposes.
- The notes will be guaranteed by certain of Figure's domestic wholly-owned subsidiaries.
Price Impact
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