Figure Technology Solutions, Inc. filed a Form 8-K on November 12, 2026, disclosing the entry into a $465 million senior secured revolving credit facility on November 10, 2026, and the release of its financial results for the three and nine months ended September 30, 2026.

Key Highlights

  • Credit facility size: The company entered into a Credit and Guarantee Agreement providing aggregate commitments of $465 million, maturing November 10, 2029.
  • Potential expansion: Commitments may be increased by up to $35 million within the first month of closing and an additional $250 million at any time, for total possible commitments of up to $750 million.
  • Administrative agent: JPMorgan Chase Bank, N.A. serves as administrative agent under the Credit Agreement.
  • Interest rate options: Borrowings bear interest at either a base rate plus 1.25% to 1.625%, or a term SOFR rate plus 2.25% to 2.625%, each depending on the company's long-term debt rating.
  • Commitment fee: The company must pay a quarterly commitment fee on unused commitments at a rate between 0.35% and 0.55% per annum, depending on the company's long-term debt rating.
  • Security: Obligations under the Credit Agreement are secured by a first priority lien on substantially all assets of the company and the guarantors, subject to certain customary exceptions.
  • Quarterly results: On November 12, 2026, the company issued a press release announcing financial results for the three and nine months ended September 30, 2026.

Figure Technology Solutions Enters JPMorgan-Led Credit Agreement

According to the filing, Figure Technology Solutions, Inc. (NASDAQ:FIGR), a Nevada corporation, closed a Credit and Guarantee Agreement on November 10, 2026. The agreement establishes a senior secured revolving credit facility with aggregate commitments of $465 million. Certain of the company's domestic, wholly-owned subsidiaries serve as guarantors under the agreement. The company disclosed that proceeds may be used for, among other things, working capital needs and general corporate purposes of the company and its subsidiaries.

The filing describes two interest rate options available to the company if borrowings are drawn. Under the base rate option, the applicable margin ranges from 1.25% to 1.625% per annum over the highest of: the Wall Street Journal U.S. prime rate, the federal funds rate plus 0.50%, or the one-month term SOFR rate plus 1.00%. Under the term SOFR option, the applicable margin ranges from 2.25% to 2.625% per annum. In both cases, the margin depends on the company's long-term debt rating. The Credit Agreement also requires a quarterly commitment fee on unused commitments at a rate between 0.35% and 0.55% per annum, also dependent on the company's long-term debt rating.

The filing notes that the Credit Agreement contains representations and warranties, affirmative and negative covenants including certain financial covenants, and events of default "customary for credit facilities of this nature." Events of default include nonpayment of principal when due, failure to observe certain terms or covenants, certain defaults of other indebtedness, and change of control. Upon the occurrence of an uncured event of default, the agent may terminate lender obligations and declare outstanding amounts immediately due and payable. The filing also reported that a press release covering results for the three and nine months ended September 30, 2026 was furnished as Exhibit 99.1.

What Was Disclosed

Figure Technology Solutions disclosed entry into a $465 million senior secured revolving credit facility administered by JPMorgan Chase Bank, N.A., maturing November 10, 2029, with expansion potential to $750 million, along with the release of quarterly financial results for the period ended September 30, 2026.