Rocket Companies, Inc. Announces Early Tender Results for Nationstar Mortgage Holdings Inc. Senior Notes

By Greg Peters • Monday, August 18 15:36 • Permanent Link

Rocket Companies, Inc. has just announced the early tender results of its cash tender offers and consent solicitations for Nationstar Mortgage Holdings Inc.'s 5.125% senior notes due 2030 and 5.750% senior notes due 2031. The company received the early tender results as of 5:00 p.m., New York City time, on August 15, 2025.

According to the information provided by D.F. King & Co., Inc., the depositary and information agent for the tender offers and consent solicitations, the aggregate principal amount of Nationstar's 5.125% senior notes due 2030 outstanding was US$650,000,000, of which US$574,125,000, or 88.33%, were tendered. For the 5.750% senior notes due 2031, the aggregate principal amount outstanding was US$600,000,000, and US$534,765,000, or 89.13%, were tendered.

As a result of receiving consents in respect of a majority of the aggregate principal amount of such series of notes, Nationstar executed and delivered a supplemental indenture to each indenture, making several amendments. The tender offers and consent solicitations are set to expire at 5:00 p.m., New York City time, on September 2, 2025, unless extended or earlier terminated by the company.

The terms and conditions of the tender offers and consent solicitations are described in an offer to purchase and consent solicitation statement, dated August 4, 2025. J.P. Morgan Securities LLC is the dealer manager and solicitation agent for the tender offers and consent solicitations, and D.F. King & Co., Inc. has been retained as the depositary and information agent.

The company has not made any recommendation as to whether holders of the notes should tender any notes in response to the tender offers and consent solicitations. The press release emphasizes that the tender offers and consent solicitations are made only by the offer to purchase and consent solicitation statement and are subject to the terms and conditions outlined in the statement. As a result of these announcements, the company's shares have moved -3.05% on the market, and are now trading at a price of $17.965. For more information, read the company's full 8-K submission here.

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