secwatch.observer — SEC 8-K summary
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Issuer:     Rocket Companies, Inc. (RKT)
CIK:        0001805284
Form:       8-K
Filed at:   2025-05-02T23:59:59+00:00
Accession:  0001805284-25-000050
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Rocket Companies enters $1.15B credit facility, expandable to $2.25B upon Mr. Cooper deal close
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805284/000180528425000050/0001805284-25-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805284/000180528425000050/rkt-20250430.htm
  HTML page:      https://secwatch.observer/filing/0001805284-25-000050

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