Loan & DebtJul 14, 2026, 05:26 PM
Figure Technology Solutions Issues $600M Senior Notes at 8.500%
AI Summary
Figure Technology Solutions, Inc. has closed its previously announced offering of $600 million principal amount of 8.500% Senior Notes due 2031. The Notes will accrue interest at 8.500% per annum, payable semi-annually, and will mature on July 31, 2031. These notes are guaranteed by the company's domestic wholly-owned subsidiaries and are general unsecured senior obligations. The Indenture includes customary provisions for redemption, change of control, and covenants limiting certain corporate actions.
Key Highlights
- Issued $600 million principal amount of Senior Notes.
- Notes carry an 8.500% interest rate per annum.
- Interest payable semi-annually, beginning January 31, 2027.
- Notes mature on July 31, 2031.
- Notes are fully and unconditionally guaranteed by domestic wholly-owned subsidiaries.
- Company may redeem notes prior to July 31, 2028, with a make-whole premium.
- Indenture contains covenants limiting additional indebtedness and other actions.
Price Impact
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