debt
confidence high
sentiment neutral
materiality 0.60
Figure Technology Solutions launches $600M senior notes offering to fund Kiavi acquisition
Figure Technology Solutions, Inc.
- Offering of $600M aggregate principal amount of senior notes due 2031 in a private placement.
- Net proceeds to fund cash consideration for previously announced Kiavi acquisition, plus general corporate purposes.
- Notes will be guaranteed on a joint and several basis by certain domestic wholly-owned subsidiaries.
- Offering not conditioned on completion of Kiavi acquisition; if not completed, proceeds used for general corporate purposes.
- Offered only to QIBs under Rule 144A and non-U.S. persons under Regulation S.