Rocket Companies, Inc. (RKT): debt financing — Rocket Companies enters $1.15B credit facility, expandable to $2.25B upon Mr. Cooper deal close

Rocket Companies, Inc.

New $1.15B revolving credit agreement matures July 3, 2028; commitment can increase to $2.25B on closing of Mr. Cooper acquisition.
Borrowings are unsecured; interest based on base rate (including term SOFR) plus an applicable margin.
Replaces prior $1.15B 2024 credit agreement; no early termination penalties or prepayment premium incurred.
Covenants include net leverage, corporate net debt ratios, minimum liquidity, and tangible net worth requirements.

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. incurred revolving credit of initial aggregate commitment of $1.15 billion with JPMorgan Chase Bank, N.A., as administrative agent at base rate (which may include a term SOFR rate) plus an applicable margin maturing July 3, 2028.

Instrument: revolving credit
Principal: initial aggregate commitment of $1.15 billion
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Rate: base rate (which may include a term SOFR rate) plus an applicable margin
Maturity: July 3, 2028
Event: incurrence

Exact text from the filing

entered into a new Revolving Credit Agreement (the "2025 Credit Agreement") with the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent (the "Administrative Agent"), and the other parties party thereto, with an initial aggregate commitment of $1.15 billion maturing on July 3, 2028

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Source: SEC EDGAR

accession 0001805284-25-000050

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