A Detroit-based fintech that runs one of the largest mortgage businesses in the United States, Rocket Companies owns Rocket Mortgage, real estate brokerage Redfin, the Rocket Money app, and Rocket Loans. It began in 1985 when a 23-year-old Dan Gilbert used savings from delivering pizzas in college to start Rock Financial, a Metro Detroit mortgage broker. The company later became Quicken Loans and, in 2015, launched Rocket Mortgage, a name chosen to signal speed and simplicity.
Rocket Companies appoints Sarah Watterson as independent Class III director, expanding board to 10.
Watterson's term expires at the 2029 annual meeting of stockholders, subject to earlier death, resignation, retirement, disqualification, or removal.
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On August 17, 2026, the Board expanded from nine to ten directors and appointed Sarah Watterson as a Class III director, effective immediately.
She is President of 3 Star Sports & Entertainment, LLC and a Special Advisor at Brightline West, with prior roles at Goldman Sachs and Fortress Investment Group.
The Board determined Watterson meets independence standards under SEC rules and NYSE listing standards.
She will receive an annual cash retainer of $75,000 (prorated) and an initial RSU grant valued at $215,000 vesting after one year.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Rocket Companies enters new $2.5B credit agreement, terminates 2025 facility
On July 16, 2026, Rocket Companies, Inc. entered into a new Revolving Credit Agreement with an initial aggregate commitment of $2.5 billion, maturing July 16, 2029.
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The new credit agreement is unsecured, bears interest at a base rate (possibly term SOFR) plus an applicable margin, and requires a commitment fee on unused commitments.
Proceeds from borrowings under the 2026 Credit Agreement will be used for general corporate purposes.
The company terminated its prior Revolving Credit Agreement dated April 30, 2025, with no early termination penalties or prepayment premium incurred.
The new agreement includes customary events of default, covenants restricting debt, liens, dividends, asset sales, and affiliate transactions, plus financial maintenance covenants on leverage, liquidity, and tangible net worth.
1.01 Entry into a Material Definitive Agreement · 1.02 Termination of a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Rocket Companies, Inc. closed a $900 million offering of 6.125% senior notes due 2031 and a $600 million offering of 6.500% senior notes due 2034 on June 16, 2026.
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The notes are fully and unconditionally guaranteed on a senior unsecured basis by the company's domestic subsidiaries that guarantee its existing senior notes.
Proceeds will be used to repay Rocket Mortgage LLC's 2.875% senior notes due 2026 and 5.250% senior notes due 2028, plus other indebtedness.
The offering satisfies the financing condition for the previously announced redemptions of the 2026 notes (June 19, 2026) and 2028 notes (July 9, 2026).
The notes were sold in private transactions under Rule 144A and Regulation S and are not registered under the Securities Act.
Rocket Companies upsizes and prices $1.5B senior notes offering
On June 9, 2026, Rocket Companies priced a private offering of $900M of 6.125% senior notes due 2031 and $600M of 6.500% senior notes due 2034, increased from the previously announced $1.2B.
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The notes will be guaranteed on a senior unsecured basis by the company's domestic subsidiaries that guarantee its existing senior notes.
The offering is expected to close on June 16, 2026, subject to customary conditions.
Proceeds will be used to repay Rocket Mortgage's 2.875% senior notes due 2026 and 5.250% senior notes due 2028, plus other indebtedness.
Conditional redemption notices were issued for the entire outstanding principal of the 2026 and 2028 Rocket Mortgage notes, with redemptions expected on or about June 19, 2026 and July 9, 2026, respectively, at 100% of principal plus accrued interest, conditioned on the offering closing.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Rocket Companies announces $1.2B private offering of senior notes due 2031 and 2034
The notes will be guaranteed on a senior unsecured basis by certain domestic subsidiaries that guarantee existing senior notes.
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On June 9, 2026, Rocket Companies, Inc. announced a private offering of $600 million senior notes due 2031 and $600 million senior notes due 2034.
Proceeds will be used to repay Rocket Mortgage, LLC's 2.875% Senior Notes due 2026 and other indebtedness.
The offering is exempt from registration, available only to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.
The filing also includes unaudited financial statements of Mr. Cooper Group Inc. and pro forma combined financial information related to the October 1, 2025 acquisition.
8.01 Other Events · 9.01 Financial Statements and Exhibits