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Rocket Companies, Inc. – ‘8-K’ for 8/11/22

On:  Friday, 8/12/22, at 4:05pm ET   ·   For:  8/11/22   ·   Accession #:  1805284-22-174   ·   File #:  1-39432

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  As Of               Filer                 Filing    For·On·As Docs:Size

 8/12/22  Rocket Companies, Inc.            8-K:1,2     8/11/22   10:166K

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     36K 
 5: R1          Cover                                               HTML     45K 
 8: XML         IDEA XML File -- Filing Summary                      XML     11K 
 6: XML         XBRL Instance -- rkt-20220811_htm                    XML     23K 
 7: EXCEL       IDEA Workbook of Financial Reports                  XLSX      8K 
 3: EX-101.LAB  XBRL Labels -- rkt-20220811_lab                      XML     66K 
 4: EX-101.PRE  XBRL Presentations -- rkt-20220811_pre               XML     33K 
 2: EX-101.SCH  XBRL Schema -- rkt-20220811                          XSD     10K 
 9: JSON        XBRL Instance as JSON Data -- MetaLinks               11±    16K 
10: ZIP         XBRL Zipped Folder -- 0001805284-22-000174-xbrl      Zip     16K 


‘8-K’   —   Current Report


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 iX:   C:  C: 
  rkt-20220811  
 i 0001805284 i false00018052842022-08-112022-08-12


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM  i 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)  i August 11, 2022

 i Rocket Companies, Inc.
(Exact name of registrant as specified in its charter)
 i Delaware i 001-39432 i 84-4946470
(State or other jurisdiction(Commission(I.R.S. Employer
of incorporation)File Number)Identification No.)
 i 1050 Woodward Avenue
 i Detroit,  i MI  i 48226
(Address of principal executive offices) (Zip Code)
( i 313)  i 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):

 i      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 i  i  /      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 i      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 i  i  /      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
 i Class A common stock, par value $0.00001 per share i RKT i New 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  i 

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 Material Definitive Agreement.

On August 11, 2022, Rocket Mortgage, LLC (the “Company”), a Michigan limited liability company and indirect subsidiary of Rocket Companies, Inc., as Seller, and JPMorgan Chase Bank, N.A., as a Buyer and as Administrative Agent for the Buyers from time to time party thereto (the "Bank"), entered into a First Amended and Restated Master Repurchase Agreement (the "MRA Amendment") and a related side letter. The MRA Amendment amended and restated in its entirety that certain Master Repurchase Agreement among the Company and the Bank, dated May 2, 2013 (as amended through the date hereof, the "Master Repurchase Agreement"). The MRA Amendment extended the termination date of the Master Repurchase Agreement from April 21, 2023 to August 9, 2024 and effectuated certain other technical changes to the Master Repurchase Agreement. The side letter to the MRA Amendment also decreased the facility amount from $2.25 billion to $2.0 billion.

The foregoing description of the MRA Amendment does not purport to be complete and is subject to, and qualified in its entirety by reference to the full text of the MRA Amendment, a copy of which will be filed with the quarterly report on Form 10-Q of Rocket Companies, Inc. for the period ending September 30, 2022.

Following the execution of the MRA Amendment and the side letter, as of August 11, 2022, 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, was decreased to $29.4 billion. This figure compares with $29.6 billion and $33.5 billion as of June 30, 2022 and March 31, 2022, 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 under 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: August 12, 2022


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



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
8/9/24
4/21/23
9/30/22
Filed on:8/12/22
For Period end:8/11/22
6/30/2210-Q,  4
3/31/2210-Q,  4
5/2/13
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