Rocket Companies, Inc. announced the upsizing and pricing of a private offering of $1.5 billion in aggregate principal amount of senior notes. The proceeds are intended to be used to refinance existing debt.
Key Details
- Offering Breakdown: The offering consists of $900 million of 6.125% senior notes due 2031 and $600 million of 6.500% senior notes due 2034.
- Use of Proceeds: The company will use the proceeds to repay its 2.875% Senior Notes due 2026, its 5.250% Senior Notes due 2028, and certain other indebtedness.
- Timeline: The offering is expected to close on June 16, 2026, subject to customary conditions. Conditional redemption notices for the existing notes have been issued for June and July 2026.