Rocket Companies Secures New $2.5B Revolving Credit Facility

Key Highlights

• Rocket Companies entered into a new Revolving Credit Agreement for $2.5 billion.
• The new credit facility matures on July 16, 2029.
• Proceeds from borrowings will be used for general corporate purposes.
• The facility is unsecured and bears interest at a base rate plus an applicable margin.
• It includes financial covenants such as net leverage, corporate net debt, minimum liquidity, and tangible net worth.
• The company terminated its previous 2025 Credit Agreement concurrently.
• No early termination penalties were incurred with the termination of the prior agreement.