Rocket Companies Announces Pricing of Senior Notes due 2030 and Senior Notes due 2033
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DETROIT, June 5, 2025 ~ Rocket Companies, Inc. (NYSE: RKT) has announced the pricing of its private offering of $2.0 billion aggregate principal amount of senior notes due 2030 and $2.0 billion aggregate principal amount of senior notes due 2033. The Detroit-based fintech platform, which includes mortgage, real estate, title, and personal finance businesses, is set to close the offering on June 20, 2025, subject to customary conditions.

The Notes will be initially 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 consummation of the previously announced proposed acquisition of Mr. Cooper Group Inc. ("Mr. Cooper"), the Notes will be jointly and severally guaranteed by Mr. Cooper and its subsidiaries that are issuers or guarantors of existing senior notes.

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The Offering is not contingent on the completion of either the Redfin Acquisition or the Mr. Cooper Acquisition. However, in case the Mr. Cooper Acquisition is not completed by September 30, 2026, a special mandatory redemption will be triggered for the Notes. Additionally, if within 45 days after the Mr. Cooper Acquisition any proceeds from the Notes are not used for redemption or repayment of other secured debt of Rocket Companies and its subsidiaries (including Redfin and Mr. Cooper), a partial special mandatory redemption will be initiated.

The Company intends to use the proceeds from this Offering for various purposes including redeeming NMH's existing senior notes due in 2026, 2027, and 2028; paying fees and expenses related to this Offering and redemption; potentially redeeming or amending NMH's other existing senior notes; and repaying secured debt of the Company and its subsidiaries after the completion of the Mr. Cooper Acquisition.

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The Notes are being offered to qualified institutional buyers in reliance on Rule 144A under the Securities Act and to non-U.S. investors pursuant to 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 from registration requirements.

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 regarding these Notes.

Rocket Companies, Inc. continues to expand its presence in the fintech industry with this private offering, showcasing its strong financial position and strategic growth plans. Investors can look forward to potential returns from this Offering as well as future developments from Rocket Companies, Inc.
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