Rocket Companies adds $2.5B revolving credit line

Rocket Companies, Inc. entered into a new unsecured Revolving Credit Agreement on July 16, 2026, providing an initial aggregate commitment of $2.5 billion maturing on July 16, 2029.

Rhea-AI Filing Summary

Rocket Companies, Inc. entered into a new unsecured Revolving Credit Agreement on July 16, 2026, providing an initial aggregate commitment of $2.5 billion maturing on July 16, 2029. Borrowings are for general corporate purposes and bear interest at a base rate, which may include term SOFR, plus an applicable margin.

The facility includes a commitment fee on unused commitments based on the company’s corporate credit rating, customary events of default (including change of control), and covenants limiting additional debt, liens, restricted payments, major asset sales, and affiliate transactions. It also imposes financial maintenance covenants on net leverage, corporate net debt, minimum liquidity, and tangible net worth. On the same date, Rocket Companies terminated its April 30, 2025 revolving credit agreement without early termination penalties or prepayment premiums.

Filing Explained

The facility is active, but the filing’s incomplete description leaves detailed covenant and default terms for the referenced quarterly report.

The July 16 Form 8-K confirms that Rocket Companies entered the new revolving facility on its closing date; if it breaches the agreement or an event of default occurs, the commitments may be terminated and outstanding borrowings may become immediately due.

The filing says its description of the credit agreement is incomplete and that the full agreement will be filed with the quarterly Form 10-Q, which provides interim financial statements and updates to risks and liquidity.

8-K Event Classification

3 items: 1.01, 1.02, 2.03

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 1.02 Termination of a Material Definitive Agreement Business

A significant contract was terminated, which may affect business operations or revenue.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Key Figures

Revolving credit commitment: $2.5 billion Maturity of 2026 Credit Agreement: July 16, 2029 Closing Date: July 16, 2026 +2 more

5 metrics

Revolving credit commitment $2.5 billion Initial aggregate commitment under the 2026 Credit Agreement

Maturity of 2026 Credit Agreement July 16, 2029 Expiration date of the new revolving credit facility

Closing Date July 16, 2026 Date Rocket Companies entered into the 2026 Credit Agreement

Prior facility agreement date April 30, 2025 Date of the terminated 2025 Revolving Credit Agreement

Guarantor Supplement date October 1, 2025 Date of the Guarantor Supplement to the 2025 Credit Agreement

Key Terms

Revolving Credit Agreement, commitment fee, change of control, financial maintenance covenants, +2 more

6 terms

Revolving Credit Agreement financial

"entered into a new Revolving Credit Agreement (the 2026 Credit Agreement)"

A revolving credit agreement is a flexible loan arrangement where a borrower can borrow, repay, and borrow again up to a set limit, similar to a credit card. It matters because it gives businesses or individuals quick access to funds whenever needed, helping manage cash flow and cover expenses without applying for a new loan each time.

commitment fee financial

"requires the Company to pay a commitment fee in respect of the unused commitments"

A commitment fee is a charge a lender applies to a borrower for keeping a loan or line of credit available, even before any money is drawn. Think of it as a reservation fee for borrowing power; the borrower pays to ensure funds will be there when needed. Investors care because it adds to a company’s borrowing cost, affects cash flow and liquidity, and can signal lenders’ willingness to extend credit.

change of control financial

"contains certain customary events of default, including in the event of a change of control"

A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.

financial maintenance covenants financial

"subject to certain financial maintenance covenants under the 2026 Credit Agreement"

net leverage financial

"require the Company and its subsidiaries to not exceed specified net leverage and corporate net debt ratios"

Net leverage measures how many years it would take for a company to pay off its outstanding debt using its annual operating cash flow, after subtracting cash on hand from total debt. Think of it like a household’s mortgage balance minus savings divided by yearly income; a lower number means the company is in a safer position to handle debt, while a higher number signals greater financial risk and potential pressure on profits or growth.

tangible net worth financial

"and to maintain minimum liquidity and tangible net worth"

FAQ

What new credit facility did Rocket Companies (RKT) enter into on July 16, 2026?

Rocket Companies entered into an unsecured Revolving Credit Agreement with an initial aggregate commitment of $2.5 billion maturing July 16, 2029, with JPMorgan Chase Bank, N.A. as administrative agent, to provide liquidity for general corporate purposes.

What are the key terms of Rocket Companies (RKT) 2026 Credit Agreement?

The 2026 Credit Agreement is an unsecured revolving facility with a $2.5 billion commitment, maturing July 16, 2029. Borrowings bear interest at a base rate, which may include term SOFR, plus an applicable margin, and are subject to a rating-based commitment fee.

What financial covenants apply under Rocket Companies (RKT) new credit agreement?

The 2026 Credit Agreement includes financial maintenance covenants requiring Rocket Companies not to exceed specified net leverage and corporate net debt ratios, and to maintain minimum liquidity and tangible net worth, all tested at the end of each fiscal quarter.

Did Rocket Companies (RKT) terminate any prior credit facility on July 16, 2026?

On the same date, Rocket Companies terminated its 2025 Revolving Credit Agreement dated April 30, 2025, including a related Guarantor Supplement dated October 1, 2025, and incurred no early termination penalties or prepayment premiums in connection with that termination.

How will Rocket Companies (RKT) use borrowings under the 2026 Credit Agreement?

Borrowings under the 2026 Credit Agreement are designated for general corporate purposes. This broad formulation typically covers working capital, potential investments, and other corporate needs, subject to the covenants and restrictions specified in the agreement.

What events of default are included in Rocket Companies (RKT) 2026 Credit Agreement?

The 2026 Credit Agreement includes customary events of default, including a change of control. Upon an event of default, lenders may terminate revolving commitments and declare any outstanding borrowings, with accrued interest, immediately due and payable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/16/2026 - 04:06 PM Accepted by SEC EDGAR 07/16/2026 - 04:05 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported) July 16, 2026

Rocket Companies, Inc.

(Exact name of registrant as specified in its charter)

Delaware	001-39432	84-4946470
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

1050 Woodward Avenue

Detroit, MI 48226

(Address of principal executive offices) (Zip Code)

(313) 373-7990

(Registrant’s Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol		Name of each exchange on which registered
Class A common stock, par value $0.00001 per share		RKT		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 1.01 Entry into Material Definitive Agreement.

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.

Proceeds of the borrowings under the 2026 Credit Agreement will be used for general corporate purposes. Borrowings under the 2026 Credit Agreement are unsecured and will bear interest at a rate equal to a base rate (which may include a term SOFR rate) plus an applicable margin. In addition, the 2026 Credit Agreement requires the Company to pay a commitment fee (determined based on the Company’s corporate credit rating) in respect of the unused commitments under the 2026 Credit Agreement.

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 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.

If the Company fails to perform its obligations under these and other covenants, or should any event of default occur, the revolving loan commitments under the 2026 Credit Agreement may be terminated and any outstanding borrowings, together with accrued interest, under the 2026 Credit Agreement could be declared immediately due and payable.

The foregoing description of the 2026 Credit Agreement does not purport to be complete and is subject to, and qualified in its entirety by reference to the full text of the 2026 Credit Agreement, a copy of which will be filed with the quarterly report on Form 10-Q of Rocket Companies, Inc.

Item 1.02 Termination of a Material Definitive Agreement.

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.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

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

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.

Dated: July 16, 2026

	ROCKET COMPANIES, INC.
	By:	/s/ Noah Edwards
	Name:	Noah Edwards
	Title:	Chief Accounting Officer

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL SCHEMA FILE 3.0 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 22.0 KB