M&A
confidence high
sentiment neutral
materiality 0.80
Figure Technology completes $590M acquisition of Kiavi, funded by $600M notes
Figure Technology Solutions, Inc.
- Closed Sept 1, 2026; Kiavi now wholly owned subsidiary; cash consideration ~$590M net of cash acquired.
- Funded primarily by $600M 8.500% Senior Notes due 2031 issued July 14, 2026.
- Repaid Kiavi's Third Amended Credit Agreement and terminated Deutsche Bank master repurchase agreement at closing.
- Acquired Kiavi's technology platform and DSCR loans; subject to customary working capital adjustments.