On June 5, 2025, Rocket Companies priced a private offering of $4.0 billion in senior unsecured notes. This included $2.0 billion aggregate principal amount of 6.125% senior notes due 2030 and $2.0 billion aggregate principal amount of 6.375% senior notes due 2033. The offering is expected to close on June 20, 2025.
The proceeds from this offering are intended to redeem Nationstar Mortgage Holdings Inc.'s (NMH) 5.000% senior notes due 2026, 6.000% senior notes due 2027, and 5.500% senior notes due 2028. Additionally, funds will cover fees and expenses related to the offering and redemption, and potentially redeem or amend other NMH senior notes and repay secured debt after the Mr. Cooper acquisition.
The notes will be guaranteed by Rocket Mortgage and its domestic subsidiaries, and upon consummation of the Redfin and Mr. Cooper acquisitions, will also be guaranteed by those entities. This significant debt issuance demonstrates Rocket's financial capacity to fund its transformative acquisition strategy and manage its debt structure effectively.
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