Figure Technology Solutions Announces Pricing of Private Offering of $600 Million of Senior Notes
Figure priced a $600 million private offering of 8.500% senior notes due 2031, expecting to generate approximately $587.5 million in net proceeds after expenses. The net proceeds are intended to fund the cash consideration for the acquisition of Kiavi, an AI-powered lending platform for residential real estate investors, with the closing set for July 14.
Key figures
- Deal Value Usd
- 600000000
- Coupon rate
- 8.500%
- Net proceeds
- $587.5 million
- Maturity year
- 2031
- Offering price
- 100%
AI analysis
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