Rocket Companies announced the closing of a $1.5 billion private offering of senior notes in two tranches. The company will use the net proceeds to repay existing debt, extending its debt maturity profile.
Key Details
- Offering Details: The offering, which closed on June 16, 2026, consists of $900 million of 6.125% senior notes due 2031 and $600 million of 6.500% senior notes due 2034.
- Use of Proceeds: Funds are designated to repay Rocket Mortgage LLC’s 2.875% Senior Notes due 2026 and 5.250% Senior Notes due 2028, along with other indebtedness.
- Redemption Timeline: The redemption of the 2026 notes is scheduled for June 19, 2026, and the 2028 notes for July 9, 2026.