M&A
confidence high
sentiment neutral
materiality 0.80
Maverick Merger Sub 2, LLC: M&A transaction — Rocket acquires Mr. Cooper; COOP holders get 11 RKT shares per share; delisted
Maverick Merger Sub 2, LLC
- Merger closed Oct 1, 2025; each outstanding Mr. Cooper share converted into 11 shares of Rocket Class A common stock.
- Mr. Cooper common stock suspended from Nasdaq effective Oct 1, 2025; Form 15 filed to deregister.
- Rocket issued $738M 6.5% Senior Notes due 2029 and $955M 7.125% Senior Notes due 2032.
- Mr. Cooper guarantors added as guarantors for $2B 6.125% notes due 2030 and $2B 6.375% notes due 2033.
- Jay Bray and Tagar Olson appointed to Rocket board; Bray and Weinbach entered Excise Tax Reimbursement Agreements.