Figure completes $590 million cash acquisition of Kiavi, funded by $600 million notes
Figure Technology Solutions completed its previously announced acquisition of Kiavi, Inc. on September 1, 2026, paying approximately $590 million in cash, net of cash acquired, for Kiavi's technology platform and DSCR loans. The company said it primarily funded the deal with net proceeds from $600 million of 8.500% Senior Notes due 2031, and it repaid Kiavi's credit facility and terminated a related repurchase agreement at closing.
Key points
- Cash consideration of approximately $590 million, net of cash acquired, subject to customary adjustments
- Primarily funded by $600 million of 8.500% Senior Notes due 2031, which closed July 14, 2026
- Kiavi's credit agreement and Deutsche Bank master repurchase agreement repaid or terminated at closing
- Merger agreement was dated June 10, 2026; integration and synergy realization are listed as risks
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 01, 2026.
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