Rocket Companies Enters Material Definitive Agreement

TL;DR

Rocket just signed a big deal, could be debt or something else important.

AI Summary

On November 26, 2024, Rocket Companies, Inc. entered into a material definitive agreement related to a direct financial obligation. The filing does not specify the counterparty or the exact nature of the obligation, but it is a significant event requiring disclosure under SEC regulations.

Why It Matters

This filing indicates Rocket Companies has entered into a new, significant financial agreement, which could impact its financial obligations and operational strategy.

Risk Assessment

Risk Level: medium — The nature of the material definitive agreement and its financial implications are not fully detailed, introducing uncertainty.

Key Players & Entities

• Rocket Companies, Inc. (company) — Registrant
• November 26, 2024 (date) — Date of earliest event reported
• 1050 Woodward Avenue (address) — Principal executive offices
• Detroit, MI (location) — City and State of principal executive offices

FAQ

Key Financial Figures

• $0.00001 — stered Class A common stock, par value $0.00001 per share RKT New York Stock Exchange
• $27.0 billion — redit and early buy out facilities, was $27.0 billion. This figure compares with $24.5 billio
• $24.5 billion — 27.0 billion. This figure compares with $24.5 billion as of September 30, 2024 and $24.3 bill
• $24.3 billion — .5 billion as of September 30, 2024 and $24.3 billion as of December 31, 2023. Item 2.03 Cr

Filing Documents

• rkt-20241126.htm (8-K) — 26KB
• 0001805284-24-000179.txt ( ) — 147KB
• rkt-20241126.xsd (EX-101.SCH) — 2KB
• rkt-20241126_lab.xml (EX-101.LAB) — 21KB
• rkt-20241126_pre.xml (EX-101.PRE) — 12KB
• rkt-20241126_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On November 26, 2024, Rocket Mortgage, LLC (the "Company"), a Michigan limited liability company and indirect subsidiary of Rocket Companies, Inc., as a seller, One Reverse Mortgage, LLC ("ORM"), a Delaware limited liability company and indirect subsidiary of the Company, as a seller, and UBS AG, by and through its branch office at 1285 Avenue of the Americas, New York, New York ("UBS"), as the Buyer, entered into Amendment No. 4 to Second Amended and Restated Master Repurchase Agreement ("MRA Amendment") and the related Amendment No. 5 to Pricing Letter, which extended the expiration date of the existing Second Amended and Restated Master Repurchase Agreement, dated as of November 4, 2022 by and between UBS, as Buyer, the Company, as a seller and ORM as a seller (as amended, the "UBS Master Repurchase Agreement"), from November 27, 2024 to November 24, 2026, and effectuated certain other technical changes to the UBS Master Repurchase Agreement. The foregoing description of the MRA Amendment does not purport to be complete and is subject to, and qualified in its entirety by reference to the full text of the MRA Amendment, a copy of which will be filed with the annual report on Form 10-K of Rocket Companies, Inc. for the period ending December 31, 2024. Following the execution of the MRA Amendment and the related Amendment No. 5 to Pricing Letter for the UBS Master Repurchase Agreement, as of November 26, 2024, the total funding capacity of the Company, including pursuant to all master repurchase agreements, early funding facilities, unsecured lines of credit, MSR lines of credit and early buy out facilities, was $27.0 billion. This figure compares with $24.5 billion as of September 30, 2024 and $24.3 billion as of December 31, 2023. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information contained in Item 1.01 above is

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 3, 2024 ROCKET COMPANIES, INC. By: /s/ Tina V. John Name: Tina V. John Title: Executive Legal Counsel and Secretary