Rocket Companies Inc.
09/24/2025 | Press release | Distributed by Public on 09/24/2025 14:04
Material Agreement, Financial Obligation (Form 8-K)
Item 1.01 Entry into a Material Definitive Agreement.
UBS Master Repurchase Agreement
On September 18, 2025, Rocket Mortgage, LLC (the "Company"), a Michigan limited liability company and indirect subsidiary of Rocket Companies, Inc., as a seller, One Reverse Mortgage, LLC (the "One Reverse Seller" and collectively with the Company, the "Sellers"), a Delaware limited liability company and indirect subsidiary of Rocket Companies, Inc., and UBS AG New York Branch (the "Buyer") entered into Amendment No. 6 to the Second Amended and Restated Master Repurchase Agreement (the "MRA Amendment") and related Amendment No. 8 to Pricing Side Letter, which extended the expiration date of the existing second amended and restated master repurchase agreement, dated as of November 4, 2022, as amended, by and between the Sellers and the Buyer (the "Existing Second Amended and Restated Master Repurchase Agreement"), from November 24, 2026 to September 16, 2027 and effectuated certain other technical changes to the Existing Second Amended and Restated Master Repurchase Agreement.
The foregoing description of the MRA Amendment does not purport to be complete and is subject to and qualified in its entirety by reference to the full text of the MRA Amendment, a copy of which will be filed with the quarterly report of Rocket Companies, Inc. on Form 10-Q for the period ending September 30, 2025.
Following the execution of the MRA Amendment and the related Amendment No. 8 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.
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