Rocket Companies Inc. Initiates Exchange Offers and Consent Solicitations in Connection with Mr. Cooper Acquisition
Reuters
Aug 04
Rocket Companies Inc. Initiates Exchange Offers and Consent Solicitations in Connection with Mr. Cooper Acquisition
Rocket Companies Inc. has announced its intention to proceed with an exchange offer and consent solicitation in connection with its pending acquisition of Mr. Cooper Group Inc. As part of this process, Rocket Companies will exchange any and all of Nationstar Mortgage Holdings Inc.'s outstanding 6.500% Senior Notes due 2029 and 7.125% Senior Notes due 2032 with new Rocket Notes. The exchange offers and consent solicitations are contingent upon the completion of the Mr. Cooper acquisition, which is anticipated to occur concurrently with the settlement date. The new Rocket Notes will carry the same interest rate, maturity date, and payment terms as the existing notes. Rocket Companies aims to complete the transactions related to the exchange offer in alignment with the acquisition timeline.
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