Recent Updates — FIGR
Figure Technology Solutions, Inc. closed its offering of $600 million principal amount of 8.500% Senior Notes due 2031 on July 14, 2026. The notes accrue interest at 8.500% per annum, payable semiannually on January 31 and July 31, beginning in 2027. The notes are fully and unconditionally guaranteed by the company's domestic wholly-owned subsidiaries. Figure Technology Solutions, Inc. provides financial technology solutions and operates in the financial services industry.
Figure Technology Solutions, Inc. priced a $600 million private offering of 8.500% senior notes due 2031, which is expected to close on July 14, 2026. The net proceeds are intended to fund the previously announced acquisition of Kiavi, Inc., for general corporate purposes, and to pay offering-related fees and expenses. Figure Technology Solutions, Inc. operates in the financial technology sector and provides blockchain-based lending and financial services.
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.