---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-002036"
form_type: "8-K"
ticker: "RKLB"
cik: "0001819994"
company_name: "Rocket Lab Corp"
filed_at: "2024-01-04T23:59:59+00:00"
generated_at: "2026-06-07T04:10:21.193013+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Rocket Lab enters $120M equipment financing with Trinity Capital; repays $108.6M Hercules loan

## Summary
- Entered $120M equipment financing with Trinity Capital: $70M effective date draw + $40M blanket lien draw, 60-month term, monthly factor 0.022266.
- Blanket lien draw secured by first priority lien on substantially all assets including IP; repayable over 60 months starting Jan 2024.
- Issued warrant to Trinity for 728,835 shares at $4.87/share, exercisable until Dec 2027, subject to anti-dilution adjustments.
- Used portion of proceeds to repay $108.6M outstanding under Hercules Capital secured term loan due June 2024; loan terminated and liens released.
- Additional $50M available in future draws: $30M in up to 3 advances within 18 months, $20M between Jan-Jun 2025, subject to conditions.

## SEC filing metadata
- accession: 0000950170-24-002036
- form_type: 8-K
- ticker: RKLB
- cik: 0001819994
- company_name: Rocket Lab Corp
- filed_at: 2024-01-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819994/000095017024002036/0000950170-24-002036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819994/000095017024002036/rklb-20231229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-002036
- JSON: https://secwatch.observer/filing/0000950170-24-002036.json
- Plain text: https://secwatch.observer/filing/0000950170-24-002036.txt

## Key facts
- Debt Financings
  Rocket Lab Corp incurred credit facility of up to $120,000,000 with Trinity Capital, Inc. at rate factor of 0.022266 or 0.026306, subject to adjustment based on Prime Rate maturing 60 months.
  - Instrument: credit facility
  - Principal: up to $120,000,000
  - Counterparty: Trinity Capital, Inc.
  - Rate: rate factor of 0.022266 or 0.026306, subject to adjustment based on Prime Rate
  - Maturity: 60 months
  - Event: incurrence
  source text: On December 29, 2023 (the “Effective Date”), Rocket Lab USA, Inc. (the “Company”) and certain of its subsidiaries (the “Subsidiaries”, together with the Company, the “Borrowers”), entered into a Master Equipment Financing Agreement (the “Loan Agreement”) with Trinity Capital, Inc., a Maryland corporation (the “Lender”) to provide financing for certain equipment and other property (the “Equipment”). The Loan Agreement provides that the Lender shall provide equipment financing in the aggregate of up to $120,000,000 (the “Conditional Commitment")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819994/000095017024002036/0000950170-24-002036-index.htm
- Material Agreements
  Rocket Lab Corp terminated secured term loan agreement with Hercules Capital, Inc. valued at $108,648,103 (effective 2023-12-29).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Hercules Capital, Inc.
  - Value: $108,648,103
  - Effective: 2023-12-29
  source text: On December 29, 2023, a portion of the proceeds from the Effective Date Draw and the Blanket Lien Draw were used to pay off all obligations owing pursuant to the secured term loan agreement, dated as of June 10, 2021, between the Company and Hercules Capital, Inc. (the “Hercules Capital secured term loan”), which was scheduled to mature on June 1, 2024, and following the payment of the outstanding obligations under the Hercules Capital secured term loan, the Hercules Capital secured term loan, together with all documents and agreements executed in connection therewith, were terminated and all liens associated therewith were released.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819994/000095017024002036/0000950170-24-002036-index.htm
- Material Agreements
  Rocket Lab Corp entered into Master Equipment Financing Agreement with Trinity Capital, Inc. valued at $120,000,000 (effective 2023-12-29).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Trinity Capital, Inc.
  - Value: $120,000,000
  - Effective: 2023-12-29
  source text: On December 29, 2023 (the “Effective Date”), Rocket Lab USA, Inc. (the “Company”) and certain of its subsidiaries (the “Subsidiaries”, together with the Company, the “Borrowers”), entered into a Master Equipment Financing Agreement (the “Loan Agreement”) with Trinity Capital, Inc., a Maryland corporation (the “Lender”) to provide financing for certain equipment and other property (the “Equipment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819994/000095017024002036/0000950170-24-002036-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.