Rocket Companies Announces Offering of Senior Notes due 2030 and Senior Notes due 2033
Michimich.com/10299230

DETROIT, June 3, 2025 ~ Rocket Companies, Inc. (NYSE: RKT) has announced its plans to issue and sell $2.0 billion in senior notes due 2030 and $2.0 billion in senior notes due 2033. The Detroit-based fintech platform, which includes mortgage, real estate, title, and personal finance businesses, will be offering these notes in an exempt offering under the Securities Act of 1933.

The Notes will initially be guaranteed by Rocket Mortgage, LLC ("Rocket Mortgage") and its domestic subsidiaries that are issuers or guarantors under Rocket Mortgage's existing senior notes. Upon the completion of the proposed acquisition of Redfin Corporation ("Redfin"), the Notes will also be guaranteed by Redfin on a senior unsecured basis. Similarly, upon the completion of the proposed acquisition of Mr. Cooper Group Inc. ("Mr. Cooper"), the Notes will be guaranteed by Mr. Cooper and its subsidiaries that are issuers or guarantors of existing senior notes.

The Company intends to use the proceeds from this offering for various purposes including redeeming NMH's 5.000% senior notes due 2026, 6.000% senior notes due 2027, and 5.500% senior notes due 2028 at redemption prices equal to 100% of their principal amount plus accrued interest on the closing date for the Mr. Cooper Acquisition.

More on Michimich.com

• Sterling Heights Offers Cooling Centers for Predicted Extreme Temperatures
• Sterling Heights and Warren Announce New Defense Industry Economic Development Partnership
• Veteran-Owned Small Business Trapped in Amazon Seller Catch-22 Over Fraudulent FBA Partner
• Red Carpet Screening of "Ghosted" Featuring Landon Brittain at the Samuel Goldwyn Theatre
• Anti-war groups protest vs US-NATO actions in Gaza, Iran, the Global South

Additionally, the Company plans to use the funds to pay fees and expenses related to this offering and redemption, as well as potentially redeeming or purchasing NMH's other existing senior notes and repaying secured debt after completing both acquisitions.

It is important to note that this offering is not contingent on the completion of either acquisition mentioned above. However, if the Mr. Cooper Acquisition is not completed by September 30, 2026, a special mandatory redemption will be triggered for these Notes.

The Notes are being offered only to qualified institutional buyers under Rule 144A of the Securities Act and to non-U.S. investors under Regulation S. They will not be registered under the Securities Act or any other securities laws and cannot be offered or sold in the United States without an effective registration statement or an applicable exemption.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any security and is not intended for distribution in any jurisdiction where such offering, solicitation, or sale would be unlawful. Interested parties should consult with their financial advisors before making any investment decisions.

---

Show All News | Report Violation