Rocket Mortgage Enters $1.15b Credit Agreement Maturing 2028

Rocket Mortgage entered into a new revolving credit agreement with an initial aggregate commitment of $1.15b maturing July 3, 2028.

• JPMorgan Chase Bank is acting as administrative agent
• Credit agreement will increase to $2.25b upon satisfaction of conditions including:
  • completion of Mr. Cooper acquisition
  • Assumption of rights and obligations of the company, as borrower, by Rocket Companies, as the successor borrower
  • Guaranty by Mr. Cooper, any Mr. Cooper subsidiaries, or Redfin Corporation, to the extent that they will remain obligors under any senior debt securities
• NOTE: Rocket to Buy Mortgage Servicer Mr. Cooper in $9.4 Billion Deal

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