Summary
Rocket Companies, Inc. (RKT) announced on June 9, 2026, the successful upsizing and pricing of a significant private offering of senior notes. The offering includes $900 million of 6.125% senior notes due 2031 and $600 million of 6.500% senior notes due 2034, totaling $1.5 billion. This move is primarily aimed at refinancing existing debt, specifically targeting the repayment of Rocket Mortgage, LLC's 2.875% Senior Notes due 2026 and its 5.250% Senior Notes due 2028, as well as other subsidiary indebtedness. The company has also issued conditional notices of redemption for these maturing notes, with the redemptions contingent upon the closing of this new offering, expected around June 16, 2026. The proceeds are intended to strengthen the company's capital structure by replacing near-term maturities with longer-dated debt. The new notes will be guaranteed by certain of the Company's domestic subsidiaries.
Key Highlights
- 1Upsized and priced a $1.5 billion private offering of senior notes.
- 2New notes include $900 million of 6.125% senior notes due 2031 and $600 million of 6.500% senior notes due 2034.
- 3Proceeds will be used to repay outstanding 2.875% Senior Notes due 2026 and 5.250% Senior Notes due 2028, along with other subsidiary debt.
- 4Conditional notices of redemption issued for the maturing notes, contingent on the closing of the new offering.
- 5Offering expected to close on June 16, 2026.
- 6Notes are being offered to qualified institutional buyers and certain non-U.S. persons in reliance on Rule 144A and Regulation S, respectively, and are not registered under the Securities Act.
- 7Guaranteed by certain direct and indirect domestic subsidiaries.