Rocket Companies, Inc. (RKT): M&A transaction — Rocket completes acquisition of Mr. Cooper; issues $1.69B new notes; appoints Bray and Krishna

Rocket Companies, Inc.

Mr. Cooper shareholders receive 11.00 Rocket shares per share; merger effective Oct 1, 2025.
Issued $738M 6.5% notes due 2029 and $955M 7.125% notes due 2032 via exchange offers (98.4%/95.5% participation).
Tender offers accepted $574M of 5.125% notes (88.4%) and $536M of 5.75% notes (89.3%) of Nationstar.
Revolving credit facility increased from $1.15B to $2.3B; Rocket becomes successor borrower.
Board expanded to nine; Jay Bray (ex-Mr. Cooper CEO) and Tagar Olson appointed; Varun Krishna named President effective Dec 31, 2025.

item 1.01 item 2.01 item 2.03 item 5.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Rocket Companies, Inc. incurred senior notes of $738,075,000 million in aggregate principal amount of 6.500% Senior Notes due 2029 and $955,326,000 million in aggregate with U.S. Bank Trust Company, National Association at 6.500% per year for the 2029 Notes; 7.125% per year for the 2032 Notes maturing August 1, 2029 for the 2029 Notes; February 1, 2032 for the 2032 Notes.

Instrument: senior notes
Principal: $738,075,000 million in aggregate principal amount of 6.500% Senior Notes due 2029 and $955,326,000 million in aggregate
Counterparty: U.S. Bank Trust Company, National Association
Rate: 6.500% per year for the 2029 Notes; 7.125% per year for the 2032 Notes
Maturity: August 1, 2029 for the 2029 Notes; February 1, 2032 for the 2032 Notes
Event: incurrence

Exact text from the filing

On October 1, 2025, the Company issued $738,075,000 million in aggregate principal amount of 6.500% Senior Notes due 2029 (the "2029 Notes") and $955,326,000 million in aggregate principal amount of 7.125% Senior Notes due 2032 (the "2032 Notes" and, together with the 2029 Notes, the "New Rocket Notes").

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Rocket Companies, Inc. completed an acquisition involving Mr. Cooper Group Inc. (closed 2025-10-01).

Action: acquisition
Counterparty: Mr. Cooper Group Inc.
Closing: 2025-10-01

Exact text from the filing

On October 1, 2025, the Mergers became effective and the acquisition of Mr. Cooper was completed.

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Rocket Companies, Inc. filing history →

Source: SEC EDGAR

accession 0000950142-25-002622

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