Figure Technology Solutions Locks In $600M Senior Notes to Fund Kiavi Acquisition

summarizeSummary

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.

check_boxKey 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.

auto_awesomeAnalysis · 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.