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RKT Rocket Companies

Filed: 16 Sep 21, 4:05pm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) September 16, 2021

Rocket Companies, Inc.
(Exact name of registrant as specified in its charter)
Delaware001-3943284-4946470
(State or other jurisdiction(Commission(I.R.S. Employer
of incorporation)File Number)Identification No.)
1050 Woodward Avenue
Detroit, MI 48226
(Address of principal executive offices) (Zip Code)
(313) 373-7990
(Registrant’s Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered
Class A common stock, par value $0.00001 per shareRKTNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐





Item 1.01 Entry into a Material Definitive Agreement.

On September 16, 2021, Rocket Mortgage, LLC (the "Company"), a Michigan limited liability company and indirect subsidiary of Rocket Companies, Inc., as Seller, Morgan Stanley Bank, N.A., as Buyer and Morgan Stanley Mortgage Capital Holdings LLC, as Agent for the Buyer, entered into Amendment Number Five to Master Repurchase Agreement and Amendment Number Four to Pricing Side Letter for the Master Repurchase Agreement (the "Amendments"), which extended the expiration date of the existing Master Repurchase Agreement dated as of October 17, 2019, as amended, by and between Morgan Stanley Bank, N.A., as Buyer and Morgan Stanley Mortgage Capital Holdings LLC, as Agent for the Buyer, and the Company (the "Master Repurchase Agreement") from September 16, 2021 to September 15, 2023 and effectuated certain other technical changes to the Master Repurchase Agreement.

The foregoing description of the Master Repurchase Agreement, as amended, does not purport to be complete and is subject to, and qualified in its entirety by reference to the full text of the Amendment Number Five to the Master Repurchase Agreement, a copy of which will be filed with the next quarterly report on Form 10-Q of Rocket Companies, Inc.

Following the execution of the Amendments, as of September 16, 2021, the total funding capacity of the Company, including pursuant to all master repurchase agreements, early funding facilities, unsecured lines of credit, MSR lines of credit and early buy out facilities, decreased to $33.9 billion. This figure compares with $29.40 billion and $19.13 billion as of December 31, 2020 and December 31, 2019, respectively.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information contained in Item 1.01 above is hereby incorporated in this Item 2.03 by reference.





SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: September 16, 2021


ROCKET COMPANIES, INC.
By:/s/ Julie Booth
Name:Julie Booth
Title:Chief Financial Officer and Treasurer