Loan & DebtJun 10, 2026, 06:06 AM
Rocket Companies Prices $1.5B Senior Notes Offering
AI Summary
Rocket Companies, Inc. announced the upsized and priced private offering of $1.5 billion in senior notes. The offering includes $900 million of 6.125% senior notes due 2031 and $600 million of 6.500% senior notes due 2034. The company intends to use the proceeds to repay existing senior notes maturing in 2026 and 2028, and other indebtedness. The offering is expected to close on June 16, 2026.
Key Highlights
- Rocket Companies priced $900M of 6.125% senior notes due 2031 and $600M of 6.500% senior notes due 2034.
- Total aggregate principal amount of the Notes offered is $1.5 billion, up from $1.2 billion.
- Proceeds will be used to repay Rocket Mortgage's 2.875% Senior Notes due 2026 and 5.250% Senior Notes due 2028.
- Conditional redemption notices issued for $2026 and $2028 notes, subject to offering closing.
- Offering expected to close on June 16, 2026.
Price Impact
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