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Get filing alertsFigure Technology launches $600M senior notes offering to fund Kiavi acquisition
Filed July 6, 2026 · Period ending July 6, 2026 · ~1 min read
Key Changes
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Figure announced a private placement of $600 million in senior notes due 2031, subject to market conditions, to fund the previously announced acquisition of Kiavi, an AI-powered lending platform for residential real estate investors.
Item 8.01 verify on EDGAR → -
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The notes offering is not contingent on closing the Kiavi acquisition; if that deal falls through, all proceeds will be used for general corporate purposes.
Item 8.01 verify on EDGAR → -
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The notes will be offered only to qualified institutional buyers under Rule 144A or to non-U.S. persons under Regulation S, with guarantees from certain domestic wholly-owned subsidiaries.
Exhibit 99.1 view on EDGAR →
Summary
Figure Technology Solutions announced its intention to raise $600 million through a private placement of senior notes due 2031. The primary purpose is to fund the cash consideration for the company's previously announced acquisition of Kiavi, an AI-powered lending platform serving residential real estate investors. The offering is subject to market and customary conditions, with no assurance of completion.
A notable structural feature: the notes offering is not contingent on closing the Kiavi acquisition. If the acquisition falls through, Figure will redirect all proceeds to general corporate purposes. This decoupling means Figure will take on the debt regardless of whether the strategic rationale (the Kiavi deal) materializes.
The notes will be offered only to institutional investors through a Rule 144A/Regulation S private placement and will be guaranteed by certain domestic subsidiaries. Retail investors should monitor whether the Kiavi acquisition closes as planned and how Figure deploys the capital if it does not.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On July 6, 2026, Figure Technology Solutions, Inc. (“the Company”) issued a press release announcing the launch of a private offering, subject to market and other customary conditions, of $600 million in aggregate principal amount of senior notes due 2031 (the “Notes”).
The company announced a private placement of $600 million in senior notes maturing in 2031. The offering is subject to market and customary conditions and will not be registered under the Securities Act of 1933.
Event · Exhibit 99.1
Figure Technology Solutions announces intent to offer $600M senior notes to fund Kiavi acquisition and general corporate purposes.
Added in current filing · verify on EDGAR →
Figure Technology Solutions, Inc. (“Figure,” Nasdaq: FIGR; OPEN: FGRS), the leading blockchain-native capital marketplace for the origination, funding, sale and trading of tokenized assets, today announced that it intends to offer, subject to market and other conditions, $600 million aggregate principal amount of senior notes (the “Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).
Figure announced its intention to offer $600 million in senior notes through a private placement exempt from Securities Act registration. The offering is subject to market and other conditions, with no assurance of completion. The notes will be guaranteed jointly and severally by certain domestic wholly-owned subsidiaries.
Added in current filing · view on EDGAR →
Figure intends to use the net proceeds from the Notes offering to fund the cash consideration payable in connection with the acquisition of Kiavi, an AI-powered lending platform for residential real estate investors (the “Kiavi Acquisition”), for general corporate purposes, and to pay fees and expenses related to the Notes offering. The completion of the offering of the Notes is not conditioned on the completion of the Kiavi Acquisition. If the Kiavi Acquisition is not completed, the net proceeds from the Notes offering will be used for general corporate purposes.
The proceeds will primarily fund the acquisition of Kiavi, an AI-powered lending platform for residential real estate investors, along with general corporate purposes and offering expenses. The notes offering is not contingent on completing the Kiavi acquisition; if that deal falls through, proceeds will be used for general corporate purposes.
Added in current filing · verify on EDGAR →
The Notes will not be registered under the Securities Act, or any state securities laws. The Notes may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements under the Securities Act and applicable state securities laws. Accordingly, the Notes will be offered only (A) to persons reasonably believed to be “qualified institutional buyers” under Rule 144A of the Securities Act or (B) outside the United States to non-U.S. persons in compliance with Regulation S under the Securities Act.
The notes will be offered only to qualified institutional buyers under Rule 144A or to non-U.S. persons outside the United States under Regulation S. This is a private placement with no public registration, limiting the investor base to sophisticated institutional investors.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 10, 2026 · How we verify