🔴 Rocket Companies Inc is trading 4.1% down today after announcing an upsized $1.5B debt offering

Rocket Companies Inc is trading 4.1% down now at $12.64 after announcing an upsized $1.5 billion senior notes offering to refinance existing debt.

• The new notes increase the company’s leverage and interest expense, which can pressure equity valuations.
• The drop also comes as major U.S. indices trade lower, adding broader risk-off sentiment to the move.