[8-K] Rocket Companies, Inc. Reports Material Event

Rhea-AI Filing Summary

Rocket Companies reported an amendment and related agreement that affect its master repurchase arrangements. The company executed an A&R Master Repurchase Agreement and Amendment No. 9 to a Pricing Side Letter, and said a copy of the A&R Master Repurchase Agreement will be filed with its quarterly report for the period ending September 30, 2025. Following those actions, Rocket stated its total funding capacity across master repurchase agreements, early funding facilities, unsecured lines of credit, MSR lines of credit and early buyout facilities was $26.4 billion, compared with $26.2 billion as of June 30, 2025 and $27.5 billion as of December 31, 2024.

Positive

• Total funding capacity increased slightly to $26.4 billion from $26.2 billion as of June 30, 2025
• A&R Master Repurchase Agreement and Amendment No. 9 to Pricing Side Letter were executed and will be filed with the quarterly report, providing forthcoming documentation

Negative

• Total funding capacity remains lower than $27.5 billion reported at December 31, 2024
• The filing provides no contractual details on terms, covenants, maturity or pricing of the new/updated agreements, limiting assessment of liquidity and covenant risk

Insights

Financial Analyst

TL;DR: Amendment modestly raised short-term funding capacity to $26.4B versus $26.2B at June 30, 2025; remaining capacity is below year-end 2024.

The filing discloses a contractual update to the companys repurchase and pricing arrangements and reports the firmwide funding capacity metric. The net change from June is slight (+$0.2B) while capacity remains down versus December 2024 (-$1.1B). This is a financing-structure update rather than operating performance disclosure; investors should note the companys liquidity envelope and await the full A&R agreement filing for specific terms and covenants that could affect leverage or liquidity availability.

Corporate Finance Specialist

TL;DR: The company created or amended a direct financing obligation under its repurchase framework, changing its available funding capacity.

The 8-K references execution of an A&R Master Repurchase Agreement and an amendment to pricing side letter, which the company says will be attached to a future quarterly filing. The disclosure explicitly ties these actions to the calculation of total funding capacity of $26.4 billion. This is a material financing arrangement disclosure in form, but the filing provides only aggregate capacity figures without contractual detail, limiting assessment of covenant or timing risk until the full agreement is filed.

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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) September 4, 2025
			Rocket Companies, Inc.
			(Exact name of registrant as specified in its charter)
Delaware			001-39432			84-4946470
(State or other jurisdiction			(Commission			(I.R.S. Employer
of incorporation)			File Number)			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 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 Registrant.

The information contained in 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.

Date: September 10, 2025

ROCKET COMPANIES, INC.

By:

/s/ Noah Edwards

Name:

Noah Edwards

Title:

Chief Accounting Officer

FAQ

What change to funding capacity did Rocket Companies (RKT) report?

The company reported total funding capacity of $26.4 billion, up from $26.2 billion as of June 30, 2025 and down from $27.5 billion as of December 31, 2024.

What agreements did Rocket Companies execute according to the 8-K?

The 8-K states Rocket executed an A&R Master Repurchase Agreement and Amendment No. 9 to a Pricing Side Letter.

Will the full A&R Master Repurchase Agreement be available?

Yes; the company said a copy of the A&R Master Repurchase Agreement will be filed with its quarterly report for the period ending September 30, 2025.

Does the filing include details on pricing, covenants, or maturities of the agreements?

No; the disclosure provides aggregate funding capacity figures but does not include contractual terms, covenants, maturities or pricing details.

Is this 8-K a disclosure of a direct financial obligation for RKT?

Yes; the filing indicates Item 2.03 (creation of a direct financial obligation or off-balance-sheet arrangement) and incorporates the Item 1.01 information by reference.