FIGR · Figure Technology Solutions, Inc. Class A Common Stock

Figure Technology Solutions, Inc. (Nasdaq: FIGR) announced the pricing of a $600 million private placement of 8.500% senior notes due 2031. The notes are offered at par, resulting in net proceeds of approximately $587.5 million after deducting initial purchasers' discounts and estimated offering expenses. The company intends to use the net proceeds primarily to fund the cash consideration for its previously announced acquisition of Kiavi, an AI-powered lending platform for residential real estate investors. The offering is not conditioned on the completion of the Kiavi Acquisition; if the acquisition does not close, proceeds will be used for general corporate purposes. The notes will be guaranteed by certain domestic wholly-owned subsidiaries and are being sold only to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S, as they are not registered under the Securities Act. The expected closing date is July 14, 2026, subject to customary closing conditions. This transaction significantly increases Figure's leverage and interest expense, reflecting its strategy to finance growth through debt capital markets.