Mergers & Acquisitions ·
Figure Technology Solutions, Inc. entered into a merger agreement to acquire Kiavi, Inc. for an aggregate cash…
FIGRFigure Technology Solutions, Inc.
Figure Technology Solutions, Inc. entered into a merger agreement to acquire Kiavi, Inc. for an aggregate cash consideration of $532,426,000, subject to adjustments. To finance the transaction, the company entered into a commitment letter with Bank of America, N.A., BofA Securities, Inc., and Barclays Bank PLC for a $600 million 364-day bridge loan facility. Figure Technology Solutions, Inc. operates in the financial technology sector, providing software and lending-related services.