Rocket Companies and PennyMac Mortgage Investment Trust priced new debt issuances this week. While Rocket is refinancing debt tied to its Mr. Cooper acquisition, PennyMac is supporting its investment and lending strategies.

Rocket priced $4 billion in senior unsecured notes — $2 billion due in 2030 at 6.125% and $2 billion due in 2033 at 6.375%. The proceeds will primarily redeem the notes of a Mr. Cooper subsidiary, Nationstar Mortgage Holdings, that mature between 2026 and 2028. 

Fitch Ratings assigned the notes a BBB- rating. It noted the upstream guarantee from Rocket Mortgage and details ⇒

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