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 decreased the facility amount from $1.25 billion to $1.0 billion with Barclays Bank PLC maturing July 21, 2025.
- Instrument
- credit facility
- Principal
- decreased the facility amount from $1.25 billion to $1.0 billion
- Counterparty
- Barclays Bank PLC
- Maturity
- July 21, 2025
- Event
- amendment
Exact text from the filing
On July 21, 2023, Rocket Mortgage, LLC (the “Company”), a Michigan limited liability company and indirect subsidiary of Rocket Companies, Inc., as seller, and Barclays Bank PLC, a public limited company formed under the laws of England and Wales, as buyer ("Barclays"), entered into Amendment No. 3 to the Master Repurchase Agreement ("MRA Amendment") and the related amendment no. 3 to pricing side letter, which extended the expiration date of the existing Master Repurchase Agreement, dated as of September 25, 2020 by and between Barclays, as buyer, and the Company, as seller (the "Master Repurchase Agreement"), from September 24, 2023 to July 21, 2025, decreased the facility amount from $1.25 billion to $1.0 billion and effectuated certain other technical changes to the Master Repurchase Agreement.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Rocket Companies, Inc. amended Amendment No. 3 to the Master Repurchase Agreement with Barclays Bank PLC valued at decreased the facility amount from $1.25 billion to $1.0 billion (effective 2023-07-21).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Barclays Bank PLC
- Value
- decreased the facility amount from $1.25 billion to $1.0 billion
- Effective
- 2023-07-21
Exact text from the filing
On July 21, 2023, Rocket Mortgage, LLC (the “Company”), a Michigan limited liability company and indirect subsidiary of Rocket Companies, Inc., as seller, and Barclays Bank PLC, a public limited company formed under the laws of England and Wales, as buyer ("Barclays"), entered into Amendment No. 3 to the Master Repurchase Agreement ("MRA Amendment") and the related amendment no. 3 to pricing side letter, which extended the expiration date of the existing Master Repurchase Agreement, dated as of September 25, 2020 by and between Barclays, as buyer, and the Company, as seller (the "Master Repurchase Agreement"), from September 24, 2023 to July 21, 2025, decreased the facility amount from $1.25 billion to $1.0 billion and effectuated certain other technical changes to the Master Repurchase Agreement.
View on SEC.gov