secwatch / observer
8-K filed September 12, 2023, 7:59 PM ET ticker RKT CIK 0001805284
debt confidence high sentiment neutral materiality 0.45

Rocket Companies, Inc. (RKT): debt financing — Rocket extends Bank of America repurchase facility expiry to Sep 2025

Rocket Companies, Inc.

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. amended credit facility with Bank of America, N.A. maturing extended the expiration date ... from May 4, 2024 to September 8, 2025.

Instrument
credit facility
Counterparty
Bank of America, N.A.
Maturity
extended the expiration date ... from May 4, 2024 to September 8, 2025
Event
amendment
Exact text from the filing
On September 8, 2023, Rocket Mortgage, LLC (the “Company”), a Michigan limited liability company and indirect subsidiary of Rocket Companies, Inc., as guarantor, RCKT Mortgage SPE-A, LLC, as seller and Bank of America, N.A., as buyer, entered into Amendment No. 4 to Amended and Restated Master Repurchase Agreement ("MRA Amendment") and the related Transaction Terms Letter for Amended and Restated Master Repurchase Agreement, which extended the expiration date of the existing Amended and Restated Master Repurchase Agreement dated as of June 29, 2021, as amended, by and between Bank of America, N.A., as buyer, RCKT Mortgage SPE-A, LLC, as seller, and the Company, as guarantor (the "Master Repurchase Agreement") from May 4, 2024 to September 8, 2025.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Rocket Companies, Inc. amended Amendment No. 4 to Amended and Restated Master Repurchase Agreement with Bank of America, N.A. (effective 2023-09-08).

Action
amendment
Agreement
credit facility
Counterparty
Bank of America, N.A.
Effective
2023-09-08
Exact text from the filing
On September 8, 2023, Rocket Mortgage, LLC (the “Company”), a Michigan limited liability company and indirect subsidiary of Rocket Companies, Inc., as guarantor, RCKT Mortgage SPE-A, LLC, as seller and Bank of America, N.A., as buyer, entered into Amendment No. 4 to Amended and Restated Master Repurchase Agreement ("MRA Amendment") and the related Transaction Terms Letter for Amended and Restated Master Repurchase Agreement, which extended the expiration date of the existing Amended and Restated Master Repurchase Agreement dated as of June 29, 2021, as amended, by and between Bank of America, N.A., as buyer, RCKT Mortgage SPE-A, LLC, as seller, and the Company, as guarantor (the "Master Repurchase Agreement") from May 4, 2024 to September 8, 2025.
View on SEC.gov

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Rocket Companies, Inc. filing history →

Source: SEC EDGAR
accession 0001805284-23-000076
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