{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-028066","form_type":"8-K","ticker":"VEL","cik":"0001692376","company_name":"Velocity Financial, Inc.","filed_at":"2026-01-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.908165+00:00","generated_at":"2026-05-16T06:28:54.589435+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Velocity Financial prices $500M senior notes at 9.375% due 2031","bullets":["Issued $500M aggregate principal of 9.375% Senior Notes due Feb 15, 2031, priced at 100% of par.","Net proceeds estimated at ~$487M; ~$222.7M to redeem outstanding 7.125% Senior Secured Notes due 2027.","Remaining proceeds for general corporate purposes, including up to $75M for a potential acquisition.","Notes are senior unsecured, guaranteed by Velocity; not registered under Securities Act; expected close Jan 30, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-028066","json":"https://secwatch.observer/filing/0001193125-26-028066.json","markdown":"https://secwatch.observer/filing/0001193125-26-028066.md","text":"https://secwatch.observer/filing/0001193125-26-028066.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692376/000119312526028066/0001193125-26-028066-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692376/000119312526028066/d79654d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T06:28:54.589435+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f43a9978c1f81de17c8fdce9132dcb4d3f34cd30","claim":"Velocity Financial, Inc. entered into Purchase Agreement with Barclays Capital Inc., as representative of the several initial purchasers set forth in Schedule I to the Purchase Agreement valued at $500 million (effective 2026-01-28).","evidence_excerpt":"On January 28, 2026, Velocity Commercial Capital, LLC (the “Issuer”), a wholly-owned subsidiary of Velocity Financial, Inc. (“Velocity” or the “Company”) and the Company, as guarantor, entered into a Purchase Agreement (the “Purchase Agreement”) with Barclays Capital Inc., as representative of the several initial purchasers set forth in Schedule I to the Purchase Agreement thereto (the “Initial Purchasers”), with respect to the issue and sale by the Issuer of $500 million in aggregate principal amount of its 9.375% Senior Notes due 2031 (the “Notes”), in an offering exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) (the “Offering”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692376/000119312526028066/0001193125-26-028066-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Barclays Capital Inc., as representative of the several initial purchasers set forth in Schedule I to the Purchase Agreement"},{"label":"Value","value":"$500 million"},{"label":"Effective","value":"2026-01-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}