Rocket Mortgage increases revolving credit facility by $100M with Bank of America as new lender

Rocket Companies, Inc.

Rocket Mortgage, LLC, a subsidiary of Rocket Companies, entered an Increased Commitment Supplement on Nov 22, 2023.
Bank of America, N.A. joins as new lender with a $100,000,000 incremental revolving commitment.
Financial covenants, negative covenants, and security provisions under the Credit Agreement remain unchanged.
The supplement amends the existing Revolving Credit Agreement dated August 10, 2022.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Rocket Companies, Inc. amended Supplement with Bank of America, N.A. valued at one hundred million dollars ($100,000,000) (effective 2023-11-22).

Action: amendment
Agreement: credit facility
Counterparty: Bank of America, N.A.
Value: one hundred million dollars ($100,000,000)
Effective: 2023-11-22

Exact text from the filing

On November 22, 2023, Rocket Mortgage, LLC (“Borrower”), an indirect subsidiary of Rocket Companies, Inc. (the "Company"), entered into an increased commitment supplement (the “Supplement”) with Bank of America, N.A. as new lender (the “New Lender”) and JPMorgan Chase Bank, N.A. as agent (“Agent”).

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Source: SEC EDGAR

accession 0001805284-23-000096

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