Rocket Companies, Inc. has announced that Nationstar Mortgage Holdings Inc., a subsidiary of Mr. Cooper Group Inc., has delivered conditional notices of redemption for three series of senior notes. These include the 5.000% senior notes due 2026, 6.000% senior notes due 2027, and 5.500% senior notes due 2028, with all to be redeemed on October 1, 2025, subject to the satisfaction of the merger condition.
The company also disclosed that, following the completion of the acquisition of Mr. Cooper Group Inc., there will be an internal reorganization. This will involve Nationstar contributing all its assets and liabilities to Rocket Mortgage, LLC, a subsidiary of Rocket Companies, and Rocket Mortgage assuming all the obligations of Nationstar as the issuer under the indentures governing its 6.500% senior notes due 2029, 5.125% senior notes due 2030, 5.750% senior notes due 2031, and 7.125% senior notes due 2032.
These moves are part of Rocket Companies' pending acquisition of Mr. Cooper Group Inc., which is expected to close in the fourth quarter of 2025. As a result of these announcements, the company's shares have moved -0.56% on the market, and are now trading at a price of $19.71. For more information, read the company's full 8-K submission here.
