{"success":true,"data":{"pressRelease":{"id":"85133","rtpr_id":"nGNX3YVv2d","ticker":"FIGR","exchange":"NASDAQ","all_tickers":["FIGR"],"title":"Figure Technology Solutions Announces Pricing of Private Offering of $600 Million of Senior Notes","author":"Globe Newswire","published_at":"2026-07-09T21:32:32.098Z","article_body":"NEW YORK, July 09, 2026 (GLOBE NEWSWIRE) -- Figure Technology Solutions, Inc.\n(“Figure,” Nasdaq: FIGR; OPEN: FGRS), the leading blockchain-native\ncapital marketplace for the origination, funding, sale and trading of\ntokenized assets, today announced the pricing of its previously announced\noffering of $600 million in aggregate principal amount of its 8.500% senior\nnotes due 2031 (the “Notes”), in a private offering that is exempt from\nthe registration requirements of the Securities Act of 1933, as amended (the\n“Securities Act”). The Notes will be sold at a price of 100% of the\nprincipal amount thereof. The closing of the issuance of the Notes is expected\nto occur on July 14, 2026, subject to customary closing conditions, and is\nexpected to result in approximately $587.5 million in net proceeds to Figure,\nafter deducting the initial purchasers’ discounts and commissions and\nFigure’s estimated offering expenses.\n\nFigure intends to use the net proceeds from the Notes offering to fund the\ncash consideration payable in connection with the acquisition of Kiavi, an\nAI-powered lending platform for residential real estate investors (the\n“Kiavi Acquisition”), for general corporate purposes, and to pay fees and\nexpenses related to the Notes offering. The completion of the offering of the\nNotes is not conditioned on the completion of the Kiavi Acquisition. If the\nKiavi Acquisition is not completed, the net proceeds from the Notes offering\nwill be used for general corporate purposes.\n\nThe Notes will be guaranteed, on a joint and several basis, by certain of\nFigure’s domestic wholly-owned subsidiaries.\n\nThe Notes will not be registered under the Securities Act, or any state\nsecurities laws. The Notes may not be offered or sold in the United States\nabsent an effective registration statement or an applicable exemption from\nregistration requirements under the Securities Act and applicable state\nsecurities laws. Accordingly, the Notes were offered only (A) to persons\nreasonably believed to be “qualified institutional buyers” under Rule 144A\nof the Securities Act or (B) outside the United States to non-U.S. persons in\ncompliance with Regulation S under the Securities Act.\n\nThis press release shall not constitute an offer to sell or the solicitation\nof an offer to buy these securities, nor shall there be any sale of these\nsecurities in any state or jurisdiction in which such offer, solicitation or\nsale would be unlawful prior to registration or qualification under the\nsecurities laws of any such state or jurisdiction.\n\nAbout Figure Technology Solutions, Inc.\n\nFigure Technology Solutions, Inc. (Nasdaq: FIGR; OPEN: FGRS) is a\nblockchain-native capital marketplace that seamlessly connects origination,\nfunding, and secondary market activity. More than 380 partners use its loan\norigination system and capital marketplace. Collectively, Figure and its\npartners have originated approximately $29 billion of home equity to date,\namong other products, making Figure’s ecosystem the largest non-bank\nprovider of HELOCs. The fastest growing components are Figure Connect, its\nconsumer credit marketplace, and Democratized Prime, Figure’s on-chain\ndecentralized lending marketplace. Figure's ecosystem also includes DART\n(Digital Asset Registry Technology) for asset custody and lien perfection, and\n$YLDS, an SEC-registered yield-bearing stablecoin that is issued by a\ntokenized face-amount certificate company, which is a type of registered\ninvestment company.\n\nFigure is the market leader in real-world asset tokenization. The company has\nreceived AAA ratings from S&P and Moody’s on multiple loan securitizations,\nthe first of its kind for blockchain finance.\n\nForward-Looking Statements\n\nThis press release contains forward looking statements, including statements\nrelated to the Notes offering described above. These statements are not\nhistorical facts but rather are based on Figure’s current expectations and\nprojections regarding its business, operations and other factors relating\nthereto. Words such as “may,” “will,” “would,” “should,”\n“predict,” “expects” and similar expressions are used to identify\nthese forward-looking statements. These statements involve known and unknown\nrisks, uncertainties and other important factors that may cause Figure’s\nactual results, performance or achievements to be materially different from\nany future results, performance or achievements expressed or implied by the\nforward-looking statements. Important factors that could cause such\ndifferences include, but are not limited to: risks related to Figure’s\nbusiness, financial condition, results of operations and liquidity; Figure’s\nability to maintain, expand and enter into relationships with partners,\ncustomers, loan purchasers, financing sources and other market participants;\nFigure’s ability to develop, commercialize and achieve market acceptance of\nnew products and services; the development, adoption and regulation of\nblockchain technology, digital assets and related markets; ability to maintain\nrequired licenses and regulatory approvals and comply with applicable laws and\nregulations; Figure’s access to funding, warehouse facilities,\nsecuritization markets and other financing sources; and risks related to the\npending Kiavi Acquisition, including the timing and completion of the Kiavi\nAcquisition, satisfaction of closing conditions, receipt of required\ngovernmental and regulatory approvals, availability of financing, potential\ntermination of the merger agreement, integration of Kiavi and realization of\nanticipated benefits, synergies and projected metrics. The foregoing factors,\nalong with other risks and uncertainties that could cause actual results to\ndiffer materially from those expressed or implied in forward-looking\nstatements, are described in greater detail under the headings “Risk\nFactors” and “Management’s Discussion and Analysis of Financial\nCondition and Results of Operations” in Figure’s Annual Report on Form\n10-K for the most recently ended fiscal year, which may be updated in Item 1A\nof, or elsewhere in, Figure’s Quarterly Reports on Form 10-Q filed for\nperiods subsequent to such Form 10-K filed with the SEC, available free of\ncharge on the SEC’s website at: www.sec.gov. Figure’s forward-looking\nstatements speak only as of the date made, and it undertakes no obligation,\nother than as required by applicable law, to update or revise any\nforward-looking statements, whether as a result of new information, subsequent\nevents, anticipated or unanticipated circumstances or otherwise.\n\nContact\n\npress@figure.com\ninvestors@figure.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/33b684d4-4115-45ef-849e-b207935b0b70)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX3YVv2d","title":"Figure Technology Solutions Announces Pricing of Private Offering of $600 Million of Senior Notes","author":"Globe Newswire","ticker":"FIGR","created":"2026-07-09T21:32:32.098Z","tickers":["FIGR"],"exchange":"NASDAQ","article_body":"NEW YORK, July 09, 2026 (GLOBE NEWSWIRE) -- Figure Technology Solutions, Inc.\n(“Figure,” Nasdaq: FIGR; OPEN: FGRS), the leading blockchain-native\ncapital marketplace for the origination, funding, sale and trading of\ntokenized assets, today announced the pricing of its previously announced\noffering of $600 million in aggregate principal amount of its 8.500% senior\nnotes due 2031 (the “Notes”), in a private offering that is exempt from\nthe registration requirements of the Securities Act of 1933, as amended (the\n“Securities Act”). The Notes will be sold at a price of 100% of the\nprincipal amount thereof. The closing of the issuance of the Notes is expected\nto occur on July 14, 2026, subject to customary closing conditions, and is\nexpected to result in approximately $587.5 million in net proceeds to Figure,\nafter deducting the initial purchasers’ discounts and commissions and\nFigure’s estimated offering expenses.\n\nFigure intends to use the net proceeds from the Notes offering to fund the\ncash consideration payable in connection with the acquisition of Kiavi, an\nAI-powered lending platform for residential real estate investors (the\n“Kiavi Acquisition”), for general corporate purposes, and to pay fees and\nexpenses related to the Notes offering. The completion of the offering of the\nNotes is not conditioned on the completion of the Kiavi Acquisition. If the\nKiavi Acquisition is not completed, the net proceeds from the Notes offering\nwill be used for general corporate purposes.\n\nThe Notes will be guaranteed, on a joint and several basis, by certain of\nFigure’s domestic wholly-owned subsidiaries.\n\nThe Notes will not be registered under the Securities Act, or any state\nsecurities laws. The Notes may not be offered or sold in the United States\nabsent an effective registration statement or an applicable exemption from\nregistration requirements under the Securities Act and applicable state\nsecurities laws. Accordingly, the Notes were offered only (A) to persons\nreasonably believed to be “qualified institutional buyers” under Rule 144A\nof the Securities Act or (B) outside the United States to non-U.S. persons in\ncompliance with Regulation S under the Securities Act.\n\nThis press release shall not constitute an offer to sell or the solicitation\nof an offer to buy these securities, nor shall there be any sale of these\nsecurities in any state or jurisdiction in which such offer, solicitation or\nsale would be unlawful prior to registration or qualification under the\nsecurities laws of any such state or jurisdiction.\n\nAbout Figure Technology Solutions, Inc.\n\nFigure Technology Solutions, Inc. (Nasdaq: FIGR; OPEN: FGRS) is a\nblockchain-native capital marketplace that seamlessly connects origination,\nfunding, and secondary market activity. More than 380 partners use its loan\norigination system and capital marketplace. Collectively, Figure and its\npartners have originated approximately $29 billion of home equity to date,\namong other products, making Figure’s ecosystem the largest non-bank\nprovider of HELOCs. The fastest growing components are Figure Connect, its\nconsumer credit marketplace, and Democratized Prime, Figure’s on-chain\ndecentralized lending marketplace. Figure's ecosystem also includes DART\n(Digital Asset Registry Technology) for asset custody and lien perfection, and\n$YLDS, an SEC-registered yield-bearing stablecoin that is issued by a\ntokenized face-amount certificate company, which is a type of registered\ninvestment company.\n\nFigure is the market leader in real-world asset tokenization. The company has\nreceived AAA ratings from S&P and Moody’s on multiple loan securitizations,\nthe first of its kind for blockchain finance.\n\nForward-Looking Statements\n\nThis press release contains forward looking statements, including statements\nrelated to the Notes offering described above. These statements are not\nhistorical facts but rather are based on Figure’s current expectations and\nprojections regarding its business, operations and other factors relating\nthereto. Words such as “may,” “will,” “would,” “should,”\n“predict,” “expects” and similar expressions are used to identify\nthese forward-looking statements. These statements involve known and unknown\nrisks, uncertainties and other important factors that may cause Figure’s\nactual results, performance or achievements to be materially different from\nany future results, performance or achievements expressed or implied by the\nforward-looking statements. Important factors that could cause such\ndifferences include, but are not limited to: risks related to Figure’s\nbusiness, financial condition, results of operations and liquidity; Figure’s\nability to maintain, expand and enter into relationships with partners,\ncustomers, loan purchasers, financing sources and other market participants;\nFigure’s ability to develop, commercialize and achieve market acceptance of\nnew products and services; the development, adoption and regulation of\nblockchain technology, digital assets and related markets; ability to maintain\nrequired licenses and regulatory approvals and comply with applicable laws and\nregulations; Figure’s access to funding, warehouse facilities,\nsecuritization markets and other financing sources; and risks related to the\npending Kiavi Acquisition, including the timing and completion of the Kiavi\nAcquisition, satisfaction of closing conditions, receipt of required\ngovernmental and regulatory approvals, availability of financing, potential\ntermination of the merger agreement, integration of Kiavi and realization of\nanticipated benefits, synergies and projected metrics. The foregoing factors,\nalong with other risks and uncertainties that could cause actual results to\ndiffer materially from those expressed or implied in forward-looking\nstatements, are described in greater detail under the headings “Risk\nFactors” and “Management’s Discussion and Analysis of Financial\nCondition and Results of Operations” in Figure’s Annual Report on Form\n10-K for the most recently ended fiscal year, which may be updated in Item 1A\nof, or elsewhere in, Figure’s Quarterly Reports on Form 10-Q filed for\nperiods subsequent to such Form 10-K filed with the SEC, available free of\ncharge on the SEC’s website at: www.sec.gov. Figure’s forward-looking\nstatements speak only as of the date made, and it undertakes no obligation,\nother than as required by applicable law, to update or revise any\nforward-looking statements, whether as a result of new information, subsequent\nevents, anticipated or unanticipated circumstances or otherwise.\n\nContact\n\npress@figure.com\ninvestors@figure.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/33b684d4-4115-45ef-849e-b207935b0b70)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-07-09T21:32:32.151607222Z","server_sent_at_ms":1783632752151},"received_at":"2026-07-09T21:32:32.210Z","source_url":"https://www.globenewswire.com/news-release/2026/07/09/3325253/0/en/Figure-Technology-Solutions-Announces-Pricing-of-Private-Offering-of-600-Million-of-Senior-Notes.html"},"analysis":{"id":"74192","press_release_id":"85133","analysis_json":{"industry":{"label":"Consumer Finance","sector":"Financials"},"redFlags":["High 8.5% coupon indicates elevated cost of debt","Use of proceeds reverts to general corporate purposes if Kiavi acquisition is not completed"],"eventType":"debt_offering","narrative":"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.\n\nThe 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.\n\nIf the Kiavi acquisition is not completed, the funds will be used for general corporate purposes; the Notes are guaranteed by Figure's domestic wholly-owned subsidiaries.","sentiment":"neutral","agentHooks":{"shouldPost":true,"suggestedAngle":"Figure secures $600M at 8.5% to finance Kiavi acquisition."},"keyFigures":{"dealValueUsd":600000000,"customDimensions":{"coupon_rate":"8.500%","net_proceeds":"$587.5 million","maturity_year":"2031","offering_price":"100%"}},"quotedText":"","namedEntities":{"people":[],"products":["Figure Connect","Democratized Prime","DART (Digital Asset Registry Technology)","$YLDS","HELOCs"],"companies":[{"name":"Figure Technology Solutions, Inc.","ticker":"FIGR"},{"name":"Kiavi","relationship":"acquisition target"},{"name":"S&P","relationship":"ratings agency"},{"name":"Moody’s","relationship":"ratings agency"}],"dollarAmounts":[{"amount":"$600 million","context":"aggregate principal amount of senior notes"},{"amount":"$587.5 million","context":"net proceeds to Figure"},{"amount":"$29 billion","context":"home equity originated to date"}]},"materialImpact":{"score":4,"reasoning":"Pricing of a $600 million senior notes offering to fund the strategic acquisition of Kiavi. The size of the financing and its direct link to the acquisition make it a high-impact capital event, though the 8.5% coupon reflects a high cost of capital."},"tickerRelevance":{"others":[],"primary":"FIGR"},"globalImportance":25,"audienceRelevance":35,"eventTypeSecondary":["m_and_a"],"importanceComponents":{"dealSize":"$600M","tickerTier":"mid-cap","eventGravity":"debt-financing-for-acquisition","sectorWeight":"fintech"}},"event_type":"debt_offering","event_type_secondary":["m_and_a"],"sentiment":"neutral","material_impact_score":4,"narrative":"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.\n\nThe 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.\n\nIf the Kiavi acquisition is not completed, the funds will be used for general corporate purposes; the Notes are guaranteed by Figure's domestic wholly-owned subsidiaries.","key_figures":{"dealValueUsd":600000000,"customDimensions":{"coupon_rate":"8.500%","net_proceeds":"$587.5 million","maturity_year":"2031","offering_price":"100%"}},"named_entities":{"people":[],"products":["Figure Connect","Democratized Prime","DART (Digital Asset Registry Technology)","$YLDS","HELOCs"],"companies":[{"name":"Figure Technology Solutions, Inc.","ticker":"FIGR"},{"name":"Kiavi","relationship":"acquisition target"},{"name":"S&P","relationship":"ratings agency"},{"name":"Moody’s","relationship":"ratings agency"}],"dollarAmounts":[{"amount":"$600 million","context":"aggregate principal amount of senior notes"},{"amount":"$587.5 million","context":"net proceeds to Figure"},{"amount":"$29 billion","context":"home equity originated to date"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-07-10T03:32:48.538Z","global_importance":25,"audience_relevance":35,"importance_components":{"dealSize":"$600M","tickerTier":"mid-cap","eventGravity":"debt-financing-for-acquisition","sectorWeight":"fintech"}},"durationMs":675293,"modelName":"george-droid-qwen-72b"}}