Rocket Companies Upsizes Debt Sale to $1.5 Billion

By Greg Peters • Wednesday, June 10 16:06 • Permanent Link

Rocket Companies upsized its debt sale to $1.5 billion from the $1.2 billion it had previously announced, pricing $900 million of 6.125% senior notes due 2031 and $600 million of 6.500% senior notes due 2034.

The company said the new notes are expected to close on June 16, 2026. It plans to use the proceeds to refinance existing borrowings, including Rocket Mortgage’s 2.875% senior notes due 2026 and 5.250% senior notes due 2028, along with other debt at the company and its subsidiaries.

Rocket also issued conditional redemption notices for the full outstanding amounts of both the 2026 and 2028 Rocket Mortgage notes. The 2026 notes are set to be redeemed on or about June 19, 2026, and the 2028 notes on or about July 9, 2026, each at 100% of principal plus accrued interest, if the new offering closes. Following these announcements, the company's shares moved -4.9%, and are now trading at a price of $12.534. Check out the company's full 8-K submission here.

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