We advised the initial purchasers on the high-yield notes offering

Davis Polk advised the representative of the initial purchasers on a Rule 144A / Regulation S offering by Rocket Companies, Inc. of $900 million aggregate principal amount of its 6.125% senior unsecured notes due 2031 and $600 million aggregate principal amount of its 6.500% senior unsecured notes due 2034. The proceeds will be used to redeem the Rocket Mortgage LLC’s outstanding notes due 2026 and 2028 and certain other indebtedness of Rocket Companies, Inc. and its subsidiaries.

Rocket Companies is a Detroit-based fintech company including mortgage, real estate and personal finance business with a mission to Help Everyone Home. It is committed to delivering industry-best client experiences through its AI-powered, vertically integrated homeownership ecosystem. The company’s full suite of products empowers its clients across mortgage finance and servicing, title and closing, financial wellness and personal loans. The company believes its widely recognized “Rocket” brand is synonymous with simple, fast and trusted digital experiences.

The Davis Polk capital markets team included partner Michael Kaplan, counsel Jenna M. Godfrey and associate Yusuke Tsuzuki. The financial institutions team included partner Margaret E. Tahyar, counsel Suiwen Liang and associate Josh Slifka. The tax team included counsel Dustin Plotnick and associate Katherine S. Xiu. Partner Matthew J. Bacal and associate Anne Kim provided intellectual property advice. All members of the Davis Polk team are based in the New York office.

Copy link to share post