m_and_a
confidence high
sentiment neutral
materiality 0.50
Rocket Companies issues conditional redemption of three Nationstar note series ahead of Mr. Cooper close
Rocket Companies, Inc.
- Nationstar issued conditional redemption notices for 5.000% notes due 2026, 6.000% notes due 2027, and 5.500% notes due 2028.
- Redemption date is October 1, 2025, conditioned on closing of Rocket's acquisition of Mr. Cooper.
- Following close, Nationstar will contribute assets to Rocket Mortgage, which will assume other Nationstar senior notes.
- Assumed notes include 6.500% 2029, 5.125% 2030, 5.750% 2031, and 7.125% 2032 series.
- Mr. Cooper acquisition expected to close in Q4 2025, subject to regulatory approvals and customary conditions.
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