Rocket Companies Enters New Loan Agreement
Ticker: RKT · Form: 8-K · Filed: 2025-09-10T00:00:00.000Z
Sentiment: neutral
Topics: debt-financing, material-agreement
Related Tickers: RKT
TL;DR
Rocket just signed a new loan deal, adding to their debt.
AI Summary
On September 4, 2025, Rocket Companies, Inc. entered into a material definitive agreement, specifically a loan agreement. This agreement creates a direct financial obligation for the registrant, indicating a new debt or financing arrangement.
Why It Matters
This filing indicates Rocket Companies is taking on new debt, which could impact its financial leverage and future investment capacity.
Risk Assessment
Risk Level: medium — Entering into new financial obligations can increase a company's debt burden and financial risk.
Key Players & Entities
- Rocket Companies, Inc. (company) — Registrant
- September 4, 2025 (date) — Date of earliest event reported
- 1050 Woodward Avenue (address) — Principal executive offices
- Detroit, MI 48226 (address) — Principal executive offices
FAQ
What is the specific nature of the material definitive agreement entered into by Rocket Companies, Inc.?
The filing indicates it is a loan agreement that creates a direct financial obligation for the registrant.
On what date was the earliest event reported in this 8-K filing?
The earliest event reported was on September 4, 2025.
What is the principal executive office address for Rocket Companies, Inc.?
The principal executive office is located at 1050 Woodward Avenue, Detroit, MI 48226.
Under which section of the Securities Exchange Act is this Form 8-K filed?
This Form 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Does this filing involve an obligation under an off-balance sheet arrangement?
Yes, the filing explicitly lists 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant' as an item of information.
Filing Stats: 671 words · 3 min read · ~2 pages · Grade level 11.9 · Accepted 2025-09-10 16:06:00
Key Financial Figures
- $0.00001 — stered Class A common stock, par value $0.00001 per share RKT New York Stock Exchange
- $800,000,000 — er 3, 2027, increased the facility from $800,000,000 to $1.0 billion and effectuated certain
- $1.0 billion — eased the facility from $800,000,000 to $1.0 billion and effectuated certain other technical
- $26.4 billion — credit and early buy out facilities was $26.4 billion. This figure compares with $26.2 billio
- $26.2 billion — 26.4 billion. This figure compares with $26.2 billion as of June 30, 2025 and $27.5 billion a
- $27.5 billion — h $26.2 billion as of June 30, 2025 and $27.5 billion as of December 31, 2024. Item 2.03 Cr
Filing Documents
- rkt-20250904.htm (8-K) — 26KB
- 0001805284-25-000113.txt ( ) — 137KB
- rkt-20250904.xsd (EX-101.SCH) — 2KB
- rkt-20250904_lab.xml (EX-101.LAB) — 21KB
- rkt-20250904_pre.xml (EX-101.PRE) — 12KB
- rkt-20250904_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Bank of Montreal Master Repurchase Agreement On September 4, 2025, Rocket Mortgage, LLC (the "Guarantor"), a Michigan limited liability company and indirect subsidiary of Rocket Companies, Inc., RCKT Mortgage SPE-D, LLC, a Delaware limited liability company (the "Seller"), and Bank of Montreal, a Canadian chartered bank acting through its Chicago Branch (the "Buyer"), entered into the Amended and Restated Master Repurchase Agreement (the "A&R Master Repurchase Agreement") and the related Amendment No. 9 to Pricing Side Letter, which amended and restated the terms of the existing master repurchase agreement dated as of October 9, 2020, as amended, by and between the Seller, the Guarantor, and the Buyer (the "Existing Master Repurchase Agreement"), extended the expiration date of the Existing Master Repurchase Agreement from October 2, 2026 to September 3, 2027, increased the facility from $800,000,000 to $1.0 billion and effectuated certain other technical changes to the Existing Master Repurchase Agreement. The foregoing description of the A&R Master Repurchase Agreement does not purport to be complete and is subject to, and qualified in its entirety by reference to the full text of the A&R Master Repurchase Agreement, a copy of which will be filed with the quarterly report on Form 10-Q of Rocket Companies, Inc. for the period ending September 30, 2025. Following the execution of the A&R Master Repurchase Agreement and the related Amendment No. 9 to Pricing Side Letter, 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 $26.4 billion. This figure compares with $26.2 billion as of June 30, 2025 and $27.5 billion as of December 31, 2024. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Regis
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: September 10, 2025 ROCKET COMPANIES, INC. By: /s/ Noah Edwards Name: Noah Edwards Title: Chief Accounting Officer