NYSE: RKT Rocket Companies, Inc. 8-K

Rocket Companies enters $2.5B revolving credit facility, terminates prior facility

Filed July 16, 2026 · Period ending July 16, 2026 · ~1 min read

Key Changes

high

Entered new $2.5B unsecured revolving credit facility maturing July 2029, providing enhanced liquidity for general corporate purposes.

Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
medium

Terminated prior 2025 revolving credit facility with no early termination penalties or prepayment premium.

Item 1.02 — Termination of a Material Definitive Agreement verify on EDGAR →
medium

New facility requires quarterly compliance with net leverage, corporate net debt, minimum liquidity, and tangible net worth covenants.

Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
medium

Facility includes standard restrictions on additional debt, liens, dividends, asset sales, and affiliate transactions; change of control triggers default.

Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
medium

Borrowings bear interest at base rate (potentially term SOFR) plus margin; commitment fee on unused portions tied to corporate credit rating.

Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →

Summary

Rocket Companies refinanced its corporate credit facility, replacing a 2025 revolving credit agreement with a new $2.5 billion unsecured facility maturing in July 2029. The company terminated the prior facility without penalties, suggesting this is a planned refinancing rather than a distressed replacement.

The new facility provides three years of committed liquidity for general corporate purposes with JPMorgan Chase as administrative agent. The facility imposes quarterly financial maintenance covenants on net leverage, corporate net debt, liquidity, and tangible net worth, along with standard operating restrictions on additional borrowing, dividends, asset sales, and affiliate transactions.

A change of control would trigger default. Interest pricing is tied to a base rate (potentially term SOFR) plus a margin, with commitment fees on unused capacity varying by Rocket's credit rating. The specific pricing terms are not disclosed in the filing. For a mortgage originator like Rocket Companies, maintaining committed liquidity is operationally important given the capital-intensive nature of loan origination and the cyclical mortgage market. The three-year maturity and covenant structure will require ongoing compliance monitoring but appear consistent with typical corporate credit facilities for companies of this profile.

Section-by-Section Diff

Event · Item 1.01 — Entry into a Material Definitive Agreement

~400 words

Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.

3 Added

Added New $2.5B revolving credit facility high

Added in current filing · verify on EDGAR →

On July 16, 2026 (the “Closing Date”), Rocket Companies, Inc. (the “Company”), a Delaware corporation, as borrower, entered into a new Revolving Credit Agreement (the “2026 Credit Agreement”) with the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”), and the other parties party thereto, with an initial aggregate commitment of $2.5 billion maturing on July 16, 2029.

Rocket Companies established a new $2.5 billion unsecured revolving credit facility with JPMorgan Chase as administrative agent, maturing in three years on July 16, 2029. The proceeds will be used for general corporate purposes, providing the company with enhanced liquidity and financial flexibility.

Added Financial covenants medium

Added in current filing · verify on EDGAR →

The Company is also subject to certain financial maintenance covenants under the 2026 Credit Agreement, which require the Company and its subsidiaries to not exceed specified net leverage and corporate net debt ratios at the end of each fiscal quarter, and to maintain minimum liquidity and tangible net worth.

The credit agreement imposes quarterly financial maintenance covenants requiring Rocket to stay below specified net leverage and corporate net debt ratios while maintaining minimum liquidity and tangible net worth thresholds. These covenants will constrain the company's financial flexibility and require ongoing compliance monitoring.

Added Operating restrictions medium

Added in current filing · verify on EDGAR →

The 2026 Credit Agreement contains certain customary events of default, including in the event of a change of control, and certain covenants and restrictions that limit the Company’s and its subsidiaries’ ability to, among other things, incur additional debt; create liens on certain assets; pay dividends on or make distributions in respect of their capital stock or make other restricted payments; consolidate, merge, sell, or otherwise dispose of all or substantially all of their assets; and enter into certain transactions with their affiliates.

The facility includes standard restrictive covenants limiting Rocket's ability to incur additional debt, create liens, pay dividends or make distributions, engage in mergers or asset sales, and conduct affiliate transactions. A change of control would constitute an event of default.

Event · Item 1.02 — Termination of a Material Definitive Agreement

~100 words

Item 1.02 — Termination of a Material Definitive Agreement filed; see Key Changes for terms.

1 Added

Added Credit facility termination medium

Added in current filing · verify on EDGAR →

On the Closing Date, the Company terminated the Revolving Credit Agreement, dated as of April 30, 2025 (the “2025 Credit Agreement”), among the Company, Rocket Mortgage, LLC, the guarantors party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as supplemented by that certain Guarantor Supplement, dated as of October 1, 2025. No early termination penalties or prepayment premium were incurred by the Company in connection with the termination of the 2025 Credit Agreement.

Rocket Companies terminated its revolving credit agreement dated April 30, 2025, with JPMorgan Chase Bank as administrative agent. The termination occurred without any early termination penalties or prepayment premium, suggesting the company either no longer needs the facility or is replacing it with alternative financing.

Event · Item 2.03 — Creation of a Direct Financial Obligation

~100 words

8-K references Item 1.01 for financial obligation details, but Item 1.01 content is missing from the provided filing text.

1 Added

Added Financial obligation disclosure high

Added in current filing · verify on EDGAR →

The information contained under Item 1.01 above is hereby incorporated in this Item 2.03 by reference.

The 8-K discloses the creation of a direct financial obligation or off-balance sheet arrangement under Item 2.03, but cross-references Item 1.01 for the substantive details. The provided filing text does not include Item 1.01 content, so the nature, terms, and materiality of the obligation cannot be determined from this excerpt. Item 2.03 typically covers new debt, credit facilities, guarantees, or similar obligations.