Rocket Companies announced the early tender results of cash tender offers and consent solicitations for Nationstar Mortgage Holdings Inc.'s 5.125% Senior Notes Due 2030 and 5.750% Senior Notes Due 2031.
The tender offers are part of Rocket Companies' pending acquisition of Mr. Cooper Group Inc.
The company provided details on the aggregate principal amount of notes tendered and not withdrawn prior to the Early Tender Deadline.
Tender Offers and Consent Solicitations
The tender offers and consent solicitations are for Nationstar Mortgage Holdings Inc.'s 5.125% Senior Notes Due 2030 and 5.750% Senior Notes Due 2031, in connection with Rocket Companies' acquisition of Mr. Cooper.
Proposed Amendments
Nationstar executed supplemental indentures to eliminate certain requirements and covenants related to the Notes following Rocket Companies' acquisition of Mr. Cooper.
Expiration Date
The Tender Offers and Consent Solicitations will expire on September 2, 2025, with the Settlement Date expected to follow shortly after, allowing for a possible extension based on the Mr. Cooper Acquisition.
- The acceptance of the Requisite Consents led to the execution of supplemental indentures with proposed amendments to the Notes.
- The Tender Offers and Consent Solicitations are crucial steps towards finalizing the acquisition of Mr. Cooper Group Inc.
Rocket Companies' early tender results and the ongoing Tender Offers and Consent Solicitations signify progress in the acquisition process, showing positive market response to the proposed transactions.