# Rocket Companies, Inc. (RKT) — capital_raise [announced]
Source: SEC API (secapi.ai) · situation sit_a4d2ec514b8255aa5df6 · retrieved 2026-08-11T15:48:45.946Z

## Overview
Rocket Companies, Inc. is a mortgage banker and loan correspondent engaged in residential mortgage lending and related financial services.

On July 16, 2026, Rocket Companies, Inc. entered into a new Revolving Credit Agreement with JPMorgan Chase Bank, N.A. as administrative agent, with an initial aggregate commitment of $2.5 billion maturing on July 16, 2029. Borrowings are unsecured and bear interest at a base rate (which may include a term SOFR rate) plus an applicable margin, with a commitment fee based on the Company's corporate credit rating. The agreement contains customary events of default, covenants limiting the Company's ability to incur additional debt, create liens, pay dividends, consolidate, merge, or dispose of substantially all assets, and financial maintenance covenants requiring the Company to maintain specified net leverage and corporate net debt ratios, minimum liquidity, and tangible net worth. On the same date, the Company terminated its prior Revolving Credit Agreement dated April 30, 2025 without incurring early termination penalties or prepayment premiums.

## Terms
- Counterparty: JPMorgan Chase Bank, N.A. · Deal value: $2.50B

## Key dates
- Announced 2026-07-16 · Expiry 2029-07-16

## Timeline
- 2026-07-16 · 8-K (0000950142-26-002106): 8-K - Rocket Companies, Inc. — *Rocket Companies, Inc. is a mortgage banker and loan correspondent engaged in residential mortgage lending and related financial services.* On July 16, 2026, Rocket Companies, Inc. entered into a new Revolving Credit Agreement with JPMorgan Chase Bank, N.A. as administrative agent, with an initial aggregate commitment of $2.5 billion maturing on July 16, 2029. Borrowings are unsecured and bear interest at a base rate (which may include a term SOFR rate) plus an applicable margin, with a commitment fee based on the Company's corporate credit rating. The agreement contains customary events of default, covenants limiting the Company's ability to incur additional debt, create liens, pay dividends, consolidate, merge, or dispose of substantially all assets, and financial maintenance covenants requiring the Company to maintain specified net leverage and corporate net debt ratios, minimum liquidity, and tangible net worth. On the same date, the Company terminated its prior Revolving Credit Agreement dated April 30, 2025 without incurring early termination penalties or prepayment premiums.
  https://www.sec.gov/Archives/edgar/data/1805284/0000950142-26-002106.txt

## Citations
- 0000950142-26-002106 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000095014226002106