Figure Technology Solutions Locks In $600M Senior Notes to Fund Kiavi Acquisition
FIGR sits 20% above its 52-week low of $25.01.
Summary
Figure Technology Solutions closed its previously announced $600 million senior notes offering at 8.5% due 2031, securing funds for the Kiavi acquisition and general purposes.
Key Events · Financing and Capital Events · FIGR
-
$600M Notes Offering Closed
On July 14, 2026, Figure Technology Solutions issued $600 million of 8.500% Senior Notes due 2031, with interest payable semiannually starting January 31, 2027.
-
Proceeds for Kiavi Acquisition
The net proceeds will fund the $532.4 million cash acquisition of Kiavi, Inc., with the remainder allocated to general corporate purposes.
-
High-Yield Debt Terms
Carrying an 8.5% coupon and maturing in 2031, the notes include optional redemption provisions starting in 2028 at 104.25% of principal, declining to par in 2030.
-
Covenants and Guarantees
These senior unsecured obligations are guaranteed by certain domestic subsidiaries and include customary high-yield covenants that limit additional debt, dividends, and asset sales.
Analysis · FIGR · Finance
By closing its $600 million senior notes offering, Figure Technology Solutions has locked in an 8.5% interest rate and final terms, removing any remaining financing uncertainty for the $532.4 million Kiavi acquisition. The proceeds are earmarked for that deal and general corporate purposes. Maturing in 2031, the notes carry standard high-yield covenants—including restrictions on dividends and additional debt—and were placed with institutional investors via Rule 144A, avoiding a public registration. While this represents a significant debt load for a company with a $6.6 billion market cap, it secures the transformative Kiavi acquisition.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30.1% of the 2014 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.11%. 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 $30.00 on NASDAQ in the Finance sector, with a market capitalization of approximately $6.6B. 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.