#Finance #Rocket Companies #なし #Nationstar Mortgage

Rocket Companies Releases Early Tender Results for Nationstar Mortgage's Senior Notes

In a significant update, Rocket Companies, Inc. (NYSE: RKT), a leading fintech platform based in Detroit, has disclosed the early results of its recently announced offers to exchange and solicit consent related to Nationstar Mortgage Holdings Inc.'s senior notes. These notes consist of the 6.500% Senior Notes due in 2029 and 7.125% Senior Notes due in 2032, with a total outstanding amount of approximately $1.75 billion set for the exchange and solicitation. These actions are part of a broader strategy linked to the impending acquisition of Mr. Cooper Group Inc.

As of 5 PM (New York City time) on August 15, 2025, Rocket reported that it had received substantial interest in these offers. Details indicate that approximately $738 million of the 2029 notes and around $954 million of the 2032 notes had been validly tendered, amounting to a tendering rate of 98.45% and 95.42%, respectively. This level of participation reflects the confidence investors have in Rocket’s upcoming ventures and financial products.

Exchange Offers and Consent Solicitations

The offers involve the exchange of existing senior notes for new senior notes being issued by Rocket Companies, known as the New Rocket Notes. The exchange is anticipated to ease financial burdens, increase liquidity, and prepare the company for its future endeavors, particularly the acquisition of Mr. Cooper.

The Company confirmed that it has received the necessary consents from holders of a majority of the existing notes. These consents play a crucial role, as they allow for amendments to be made to the existing covenants associated with the notes, thereby streamlining corporate governance and operational structure post-acquisition. Notably, such amendments will eliminate the requirement for a