Rocket Companies plans to issue $1.2 billion in debt, with proceeds earmarked to pay upcoming maturities and other debt obligations, the company announced Tuesday.

The move comes as nonbank mortgage lenders continue to manage liability profiles built during the low-rate era and address “maturity walls” in 2025-2027.

In this case, Rocket intends to sell $600 million of notes due in 2031 and $600 million of notes due in 2034, with the notes fully and unconditionally guaranteed on a senior unsecured basis by Rocket Companies’ direct and indirect domestic subsidiaries that already guarantee the firm’s existing senior notes. The Detroit-based firm is details ⇒

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