Rocket Companies has priced the issuance of $1.5 billion in senior notes in an oversubscribed transaction, with proceeds to refinance an existing term loan, the company announced Tuesday.

The Detroit-based parent of Rocket Mortgage priced $900 million in 6.125% senior notes due in 2031 and $600 million in 6.5% senior notes due in 2034. The aggregate principal amount was upsized from a previously announced $1.2 billion.

The offering is expected to close June 16, subject to customary closing conditions. The notes will be fully and unconditionally guaranteed on a senior unsecured basis by Rocket’s direct and indirect domestic subsidiaries that details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com