In a statement, the company said it “anticipates the further extension of the expiry date until the Mr. Cooper Acquisition can be considerably completed simultaneously with the settlement date.”
The exchange offer comprises $ 750 million in senior notes in 2029 at 6.5% and $ 1 billion in senior notes in 2032 at 7.125%. There are also notes in 2030 that pay 5,125% and others due in 2031 by 5.75%. The debt was first issued by Nationstar mortgage ownership.
Participation has been high, with 98.4% of the 2029 notes, 88.3% of 2030 Notes, 89.3% of 2031 banknotes and 95.5% of 2032 banknotes that have already been offered and not withdrawn.
Rocket -Herfinancierde debts has recently been linked to his Mr. Cooper Acquisition.
Rocket has priced $ 4 billion in senior uncovered banknotes – $ 2 billion owed in 2030 at 6.125% and $ 2 billion in 2033 at 6.375%. The proceeds will mainly exchange the banknotes of Nationstar, a Mr. Cooper daughter, who will be redeemed between 2026 and 2028. Fitch -Reviews The notes assigned a BBB assessment.
The Federal Housing Financing Office (FHFA) approved the merger at the end of August and imposed a cap of 20% Fannie Mae And Freddie Mac Maintenance of exposure to the combined company.
In a statement given to HousingA spokesperson for Rocket Companies said: “We are pleased that we have removed the assessment of FHFA in our hanging acquisition of Mr Cooper, which we expect to close in the fourth quarter.”
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