Figure Completes $590M Kiavi Acquisition, Funded by $600M Senior Notes
FIGR sits 48% above its 52-week low of $24.11.
Summary
Figure Technology Solutions completed its acquisition of Kiavi for approximately $590 million in cash, funded by the $600 million senior notes offering closed in July 2026.
Key Events · M&A and Partnerships · FIGR
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Kiavi Acquisition Completed
On September 1, 2026, Figure paid approximately $590 million in cash, net of cash acquired, to acquire Kiavi's technology platform and DSCR loan portfolio.
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Financing via Senior Notes
The acquisition was funded primarily by the $600 million 8.500% Senior Notes due 2031, which closed on July 14, 2026.
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Legacy Debt Repaid
At closing, Figure repaid Kiavi's Third Amended and Restated Credit Agreement and terminated the Master Repurchase Agreement with Deutsche Bank, releasing all related liens.
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Consideration Above Initial Announcement
Final cash consideration of approximately $590 million exceeds the $532.4 million headline deal value announced on June 10, 2026, reflecting customary closing adjustments.
Analysis · FIGR · Finance
Closing the Kiavi acquisition on September 1, 2026, Figure Technology Solutions paid approximately $590 million in cash net of acquired cash. The deal was funded primarily by the $600 million 8.500% Senior Notes due 2031 that closed in July. This transformative acquisition adds Kiavi's technology platform and DSCR loan portfolio to Figure's balance sheet, significantly expanding its real estate lending capabilities. The final consideration of $590 million is higher than the $532.4 million initially announced, reflecting customary adjustments. The transaction also cleans up Kiavi's legacy debt structure, with Figure repaying the credit agreement and terminating the Deutsche Bank repurchase facility.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 35.7% of the 1872 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.01%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FIGR was trading at $35.65 on NASDAQ in the Finance sector, with a market capitalization of approximately $8.2B. The 52-week trading range was $24.11 to $78.00. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.