Figure Technology Solutions Locks In $600M Senior Notes at 8.500% to Fund Kiavi Acquisition
FIGR sits 27% above its 52-week low of $25.01.
Summary
Figure Technology Solutions priced its $600 million senior notes offering at 8.500%, with net proceeds of ~$587.5 million to fund the Kiavi acquisition and general corporate purposes. Closing is expected July 14.
Key Events · Financing and Capital Events · FIGR
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$600M Notes Priced at 8.500%
Figure priced $600 million in senior notes due 2031 at 100% of principal, with an 8.500% coupon. Net proceeds are estimated at ~$587.5 million after discounts and expenses.
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Proceeds Earmarked for Kiavi Acquisition
The net proceeds will primarily fund the $532.4 million cash consideration for the Kiavi acquisition, with the remainder for general corporate purposes. The offering is not contingent on the acquisition closing.
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Closing Expected July 14, 2026
The notes offering is expected to close on July 14, 2026, subject to customary conditions. The notes are unregistered and sold to qualified institutional buyers.
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Follows Prior Announcement
This pricing finalizes the offering initially announced on July 6, 2026. The 8.500% coupon and ~$587.5 million net proceeds are new material details.
Analysis · FIGR · Finance
The terms of the $600 million senior notes offering are now final, with the 8.500% notes priced at par and expected to close on July 14. After discounts and expenses, net proceeds should reach approximately $587.5 million. Most of that capital—$532.4 million—is earmarked for the Kiavi acquisition, while the remainder will support general corporate purposes. Although the offering was previously announced, the pricing and net proceeds represent new material details. The 8.500% coupon reflects both the company's credit profile and prevailing market conditions. These unregistered notes are being sold to qualified institutional buyers. Completing this financing is a critical step toward closing the Kiavi deal, which extends Figure's lending platform into residential real estate investor loans. Importantly, the offering is not contingent on the acquisition closing; if the deal falls through, the proceeds will be used for general corporate purposes, preserving financial flexibility.
How filings like this one have moved
In the 30 days to Aug 24, 2026, 29.4% of the 2796 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.03%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, FIGR was trading at $31.86 on NASDAQ in the Finance sector, with a market capitalization of approximately $7.2B. The 52-week trading range was $25.01 to $78.00. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.