Rocket Mortgage ups repurchase facility with Morgan Stanley to $1.5B, extends maturity

Rocket Companies, Inc.

Facility amount increased from $1.0B to $1.5B; expiration extended from May 6, 2026 to Dec 23, 2026.
Total funding capacity now $27.5B, up from $24.5B as of Sep 30, 2024 and $24.3B as of Dec 31, 2023.
Amendment executed Dec 26, 2024; includes technical changes to the Master Repurchase Agreement.
Counterparty is Morgan Stanley Bank (buyer) with Morgan Stanley Mortgage Capital Holdings as agent.

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