Rocket Companies secures $1.0B new Wells facility, expands BofA line to $2.5B

Rocket Companies, Inc.

New $1.0B master repurchase agreement with Wells Fargo Bank, maturing October 2, 2026.
Bank of America facility increased from $1.0B to $2.5B, maturity extended to October 3, 2026.
Total funding capacity rises to $27.0B as of Oct 3, 2024 (from $25.6B at June 30, 2024).
Facilities subject to customary covenants, margin calls, and financial maintenance tests.

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