Loan & DebtJul 6, 2026, 08:34 AM
Figure to Offer $600M Senior Notes for Kiavi Acquisition Funding
AI Summary
Figure Technology Solutions, Inc. announced its intention to offer $600 million in senior notes through a private offering. The primary use of the net proceeds will be to fund the cash consideration for the acquisition of Kiavi, an AI-powered lending platform for residential real estate investors. The completion of the notes offering is not contingent on the Kiavi acquisition, with proceeds to be used for general corporate purposes if the acquisition does not close.
Key Highlights
- Figure intends to offer $600 million aggregate principal amount of senior notes.
- Net proceeds will primarily fund the acquisition of Kiavi, an AI-powered lending platform.
- The offering is a private placement, exempt from Securities Act registration requirements.
- Notes will be guaranteed by certain of Figure’s domestic wholly-owned subsidiaries.
- Completion of the notes offering is not conditioned on the Kiavi Acquisition.
Price Impact
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