debt
confidence high
sentiment neutral
materiality 0.70
Rocket Companies prices $4B in senior notes (6.125%/6.375%) to fund Mr. Cooper debt redemption
Rocket Companies, Inc.
- $2.0B of 6.125% senior notes due 2030 and $2.0B of 6.375% senior notes due 2033 priced.
- Proceeds to redeem NMH's 5.000%/6.000%/5.500% senior notes due 2026-2028 at Mr. Cooper closing.
- Notes guaranteed by Rocket Mortgage, then Redfin and Mr. Cooper upon respective acquisition closings.
- Special mandatory redemption if Mr. Cooper deal not completed by September 30, 2026.
- Offering expected to close June 20, 2025; not contingent on Redfin or Mr. Cooper acquisitions.
item 8.01item 9.01