MergerJun 10, 2026, 04:56 PM
Figure Technology Solutions to Acquire Kiavi for $532.4M; Secures $600M Bridge Loan
AI Summary
Figure Technology Solutions, Inc. has entered into a Merger Agreement to acquire Kiavi, Inc. for approximately $532.4 million in cash. The transaction is subject to customary closing conditions, including regulatory approvals and equityholder consent. Concurrently, Figure Technology Solutions secured a $600 million bridge loan facility from Bank of America and Barclays to finance the acquisition. The deal also involves a pre-closing restructuring and the sale of a Kiavi subsidiary.
Key Highlights
- Figure Technology Solutions to acquire Kiavi, Inc. for $532.4 million in cash.
- Merger Agreement includes customary conditions such as HSR Act approval and equityholder approval.
- Figure Technology Solutions secured a $600 million bridge loan facility from Bank of America and Barclays.
- The acquisition is subject to a pre-closing restructuring and the sale of a Kiavi subsidiary.
- Termination fee of $25 million payable under specific circumstances if the merger is not completed.
Price Impact
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