Rocket Companies, Inc. announced on August 4, 2025, the commencement of exchange offers and cash tender offers for outstanding senior notes of Nationstar Mortgage Holdings Inc. These actions are directly connected to Rocket's pending acquisition of Mr. Cooper Group Inc. The exchange offers target $750.0 million aggregate principal amount of 6.500% Senior Notes due 2029 and $1.0 billion aggregate principal amount of 7.125% Senior Notes due 2032.
Concurrently, Rocket Companies initiated cash tender offers for any and all of Nationstar Mortgage Holdings Inc.'s 5.125% Senior Notes due 2030 and 5.750% Senior Notes due 2031. These financing activities are a necessary component of integrating the acquired entities and managing the combined debt profile. The moves demonstrate tangible progress in the complex process of completing the merger.
These tender and exchange offers are critical steps in optimizing the capital structure of the combined entity post-acquisition. They aim to streamline debt obligations and ensure financial readiness for the integration of Mr. Cooper Group into Rocket Companies. The successful completion of these offers will further de-risk the overall merger transaction.
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