---
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"
generated_at: "2026-05-16T06:28:54.589435+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Velocity Financial prices $500M senior notes at 9.375% due 2031

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-028066
- JSON: https://secwatch.observer/filing/0001193125-26-028066.json
- Plain text: https://secwatch.observer/filing/0001193125-26-028066.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Barclays Capital Inc., as representative of the several initial purchasers set forth in Schedule I to the Purchase Agreement
  - Value: $500 million
  - Effective: 2026-01-28
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1692376/000119312526028066/0001193125-26-028066-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.