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Velocity Financial, Inc. Announces Closing of Offering of $500 Million of Senior Notes Due 2031
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (“Velocity” or the “Company”), a leader in investor real estate loans, today announced the closing of Velocity Commercial Capital, LLC's, a wholly-owned subsidiary of Velocity (the “Issuer”), previously announced offering of $500 million aggregate principal amount of 9.375% Senior Notes due 2031 (the “Notes”) which was sold at an offering price equal to 100% of the principal thereof in an offering exempt from regist.
