Figure lands $465M JPMorgan-led revolving credit line
What's the deal? FigureDealroom has a profile for this one. Try Dealroom → Technology Solutions has closed a $465 million senior secured revolving credit facility with JPMorgan Chase Bank, N.A.Dealroom has a profile for this one. Try Dealroom → as administrative agent. The company disclosed the agreement, signed November 10, 2026, in a Form 8-K filing alongside its quarterly results.
Why now? The facility gives Figure flexible liquidity as it scales its lending platform. Proceeds will cover working capital and general corporate purposes for the company and its subsidiaries.
The details: The revolver matures November 10, 2029, and is secured by a first priority lien on substantially all company assets. Commitments can rise by up to $35 million within the first month and a further $250 million thereafter, taking the total as high as $750 million.
Borrowings carry interest at a base rate plus 1.25% to 1.625%, or a term SOFR rate plus 2.25% to 2.625%, depending on Figure's long-term debt rating. A quarterly fee of 0.35% to 0.55% applies to unused commitments.
What's the endgame? Figure operates a loan marketplace that recently expanded through its roughly $590 million acquisition of Kiavi, funded largely with $600 million of 8.5% senior notes due 2031. Q3 2026 marketplace volume rose 135% year over year to $5.8 billion, a figure that included Kiavi.
The signal: This is financing capacity, not fresh equity or a new valuation. A sizable bank-backed credit line signals lender confidence as Figure builds out a larger lending business.
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