Loan & DebtJun 9, 2026, 08:41 AM
Rocket Companies to Offer $1.2B in Senior Notes Due 2031 and 2034
AI Summary
Rocket Companies, Inc. announced the private offering of $1.2 billion in aggregate principal amount of senior notes, split between $600 million due in 2031 and $600 million due in 2034. The company plans to use the proceeds to repay existing debt, including Rocket Mortgage's 2.875% Senior Notes due 2026. The filing also incorporates financial statements related to the prior acquisition of Mr. Cooper Group Inc. and pro forma combined financial information.
Key Highlights
- Rocket Companies announced a private offering of $600 million in senior notes due 2031 and $600 million in senior notes due 2034.
- The company intends to use the proceeds to repay Rocket Mortgage's 2.875% Senior Notes due 2026 and other outstanding indebtedness.
- The notes are guaranteed by certain of the Company's direct and indirect domestic subsidiaries.
- The offering is being made to qualified institutional buyers in reliance on Rule 144A and to certain non-U.S. persons in reliance on Regulation S.
- The filing also includes unaudited financial statements for Mr. Cooper Group Inc. and unaudited pro forma combined financial information for Rocket Companies, reflecting the acquisition of Mr. Cooper.
Price Impact
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