Figure Technology Solutions, Inc. 8-K

What Happened

• Figure Technology Solutions, Inc. (FIGR) announced on July 14, 2026 (Item 1.01) that it closed an offering of $600 million principal amount of 8.500% Senior Notes due July 31, 2031. The notes were issued under an indenture dated July 14, 2026, with Wilmington Trust, National Association as trustee and certain domestic wholly‑owned subsidiaries acting as guarantors. Interest accrues at 8.500% per annum, payable semiannually on January 31 and July 31, beginning January 31, 2027.

Key Details

• Principal amount: $600,000,000 of 8.500% Senior Notes due July 31, 2031.
• Interest/payment: 8.500% per year, paid semiannually on Jan 31 and Jul 31 (first payment Jan 31, 2027).
• Security and ranking: Notes are general unsecured senior obligations of the Company; guarantees are senior, unsecured obligations of the guarantor subsidiaries.
• Redemption and repurchase rights: Company may redeem prior to July 31, 2028 at 100% plus a make‑whole premium; customary redemption prices apply on/after July 31, 2028. Up to 40% may be redeemed with certain equity proceeds (subject to conditions). Change‑of‑control repurchase at 101% of principal plus accrued interest.

Why It Matters

• This filing creates a new material debt obligation for FIGR: $600M of senior unsecured debt with a fixed 8.5% coupon through 2031, which affects the company’s interest expense and capital structure.
• The terms (senior unsecured, subsidiary guarantees, redemption mechanics, and covenants limiting additional indebtedness, dividends, asset transfers, liens, investments and certain transactions with affiliates) define the company’s financing flexibility and potential constraints on corporate actions while the notes are outstanding.
• Investors should note the interest cost and maturity profile when assessing FIGR’s future cash flow needs, refinancing risk, and leverage; the offering was sold to qualified institutional buyers under Rule 144A.