Velocity Financial, Inc. has announced the closing of a $500 million offering of 9.375% Senior Notes due 2031 through its wholly-owned subsidiary, Velocity Commercial Capital, LLC. The notes were sold at par in a private placement to qualified institutional buyers and certain non-U.S. persons. Net proceeds of approximately $487 million will be used to redeem outstanding 7.125% Senior Secured Notes due 2027, with the remainder allocated for general corporate purposes, including repayment of borrowings and potential business acquisitions. The notes are guaranteed by Velocity Financial, Inc. on a senior unsecured basis and will mature on February 15, 2031. Interest payments will begin August 15, 2026.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Velocity Financial Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260129925940) on January 30, 2026, and is solely responsible for the information contained therein.