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. amended credit facility of $1.0 billion with UBS AG maturing November 30, 2023.
- Instrument
- credit facility
- Principal
- $1.0 billion
- Counterparty
- UBS AG
- Maturity
- November 30, 2023
- Event
- amendment
Exact text from the filing
On December 1, 2022, Rocket Mortgage, LLC (the “Company”), a Michigan limited liability company and indirect subsidiary of Rocket Companies, Inc., as a seller, One Reverse Mortgage, LLC ("ORM"), a Delaware limited liability company and indirect subsidiary of the Company, as a seller, and UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York ("UBS"), as the Buyer, entered into Amendment No. 1 to Second Amended and Restated Master Repurchase Agreement ("MRA Amendment") and the related amendment no. 1 to pricing letter, which extended the expiration date of the existing Second Amended and Restated Master Repurchase Agreement, dated as of November 4, 2022 by and between UBS, as Buyer, the Company, as a seller and ORM as a seller (the "UBS Master Repurchase Agreement"), from December 1, 2022 to November 30, 2023, decreased the facility amount from $1.5 billion to $1.0 billion and effectuated certain other technical changes to the UBS Master Repurchase A
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Rocket Companies, Inc. amended Amendment No. 1 to Second Amended and Restated Master Repurchase Agreement with UBS AG valued at $1.5 billion to $1.0 billion (effective 2022-12-01).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- UBS AG
- Value
- $1.5 billion to $1.0 billion
- Effective
- 2022-12-01
Exact text from the filing
On December 1, 2022, Rocket Mortgage, LLC (the “Company”), a Michigan limited liability company and indirect subsidiary of Rocket Companies, Inc., as a seller, One Reverse Mortgage, LLC ("ORM"), a Delaware limited liability company and indirect subsidiary of the Company, as a seller, and UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York ("UBS"), as the Buyer, entered into Amendment No. 1 to Second Amended and Restated Master Repurchase Agreement ("MRA Amendment") and the related amendment no. 1 to pricing letter, which extended the expiration date of the existing Second Amended and Restated Master Repurchase Agreement, dated as of November 4, 2022 by and between UBS, as Buyer, the Company, as a seller and ORM as a seller (the "UBS Master Repurchase Agreement"), from December 1, 2022 to November 30, 2023, decreased the facility amount from $1.5 billion to $1.0 billion and effectuated certain other technical changes to the UBS Master Repurchase A
View on SEC.gov