secwatch.observer — SEC 8-K summary
======================================

Issuer:     Rocket Companies, Inc. (RKT)
CIK:        0001805284
Form:       8-K
Filed at:   2024-06-03T23:59:59+00:00
Accession:  0001805284-24-000085
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Rocket Companies amends repurchase agreement with JPMorgan; facility cut to $1.0B, term extended to 2026
--------------------------------------------------------------------------------

- Amended and restated Master Repurchase Agreement dated May 31, 2024 with JPMorgan Chase; facility amount reduced from $1.5B to $1.0B.
- Termination date extended from May 31, 2024 to May 29, 2026.
- Total funding capacity across all facilities was $24.8B as of May 31, 2024, up from $24.3B at Dec 31, 2023 and Mar 31, 2024.
- Pricing Side Letters for EBO and New Origination pools were also executed as part of the amendment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805284/000180528424000085/0001805284-24-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805284/000180528424000085/rkt-20240531.htm
  HTML page:      https://secwatch.observer/filing/0001805284-24-000085

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer