#Rocket Companies #Mr. Cooper Group #Nationstar

Rocket Companies Announces Final Results of Exchange Offers

Rocket Companies, Inc. (NYSE: RKT), a prominent fintech platform based in Detroit, has recently revealed the final results of its exchange offers and consent solicitations concerning Nationstar Mortgage Holdings Inc.'s senior notes. This announcement marks a significant milestone in the company's strategy concerning its financial instruments.

The company aimed to exchange its existing senior notes for new ones, specifically targeting the 6.500% Senior Notes due in 2029 and the 7.125% Senior Notes set to mature in 2032. The aggregate principal amounts involved are $750 million and $1 billion, respectively, providing material exchange opportunities for investors. The expiry date for these offers was set at 5:01 PM New York City time on September 30, 2025.

Key Highlights of the Exchange Offers

As per the data provided by D.F. King & Co., the Depositary and Information Agent, a substantial number of existing notes were validly submitted by the institutional investors. Specifically, approximately 98.41% of the outstanding principal of the 2029 Notes and around 95.53% of the 2032 Notes were tendered before the expiration date. The figures indicate a strong market response to the exchange offers, showcasing investor confidence.

Those who participated will be receiving equivalent new notes with terms mirroring those of their existing notes. The settlement date for the exchange transaction is anticipated on October 1, 2025, aligning with the expected closing of the acquisition with Mr. Cooper Group. This acquisition will not only enhance Rocket Companies' portfolio but may also significantly restructure its operational capabilities in the mortgage sector.

Financial Details and Implications

Eligible holders who tendered their existing notes were promised compensation in cash for their participation in the solicitation. Specifically, those who validly consented prior to the early tender date were set to receive $2.50 per $1,000 principal amount of the existing notes. Even investors who withdrew their submissions after the early tender date but before the expiration date would still receive compensation, further incentivizing participation in the exchange process.

The strategic amendment proposal was enacted thanks to the successful garnering of sufficient consents by the early tender date. Notably, the amendments include the elimination of the