Rocket Companies Increases Debt Offering to $1.5 Billion

By Hao Liu • Wednesday, June 10 10:58 • Permanent Link

Rocket Companies increased the size of its debt offering by 25% to $1.5 billion from the $1.2 billion it had previously announced, pricing the deal in two parts: $900 million of 6.125% senior notes due 2031 and $600 million of 6.500% senior notes due 2034.

The company said the notes are expected to close on June 16, 2026. The new debt will be used to refinance existing borrowings, including Rocket Mortgage’s 2.875% senior notes due 2026 and 5.250% senior notes due 2028, along with certain other company and subsidiary debt.

Rocket Companies has already issued conditional redemption notices for the full outstanding principal of both the 2026 and 2028 Rocket Mortgage notes. The 2026 notes are scheduled to be redeemed on or about June 19, 2026, and the 2028 notes on or about July 9, 2026, each at 100.0% of principal plus accrued interest. The redemptions will proceed only if the new offering closes. As a result of these announcements, the company's shares have moved -1.74% on the market, and are now trading at a price of $12.9501. For more information, read the company's full 8-K submission here.

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