12:32 PM EDT, 06/03/2025 (MT Newswires) -- Rocket Companies ( RKT ) said Tuesday it is offering $2 billion in senior notes due 2030 and $2 billion in senior notes due 2033.

The notes will initially be guaranteed on a senior unsecured basis by Rocket Mortgage and its domestic subsidiaries. Upon completion of Rocket's proposed acquisitions of Redfin (RDFN) and Mr. Cooper (COOP), the respective entities and certain subsidiaries will also serve as guarantors.

Proceeds from the offering will be used to redeem Nationstar Mortgage's 5.00% senior notes due 2026, 6.00% notes due 2027, and 5.50% notes due 2028, and to pay related fees and expenses. The company may also redeem, purchase, or amend Nationstar's senior notes due 2029 through 2032.

Remaining proceeds may be used to repay secured debt of Rocket and its subsidiaries following the Mr. Cooper acquisition.

The offering is not contingent on either acquisition, though the notes are subject to mandatory redemption if the Mr. Cooper deal does not close by Sept. 30, 2026.

Shares of Rocket were up 1% in recent trading.

Price: 12.63, Change: +0.13, Percent Change: +1.04