Quicken Loans parent Rock Holdings to start roadshow Tuesday for $300 million five-year notes

By Paul A. Harris

St. Louis, Aug. 2 - Rock Holdings, Inc., the parent of Quicken Loans and Title Source, plans to start a roadshow on Tuesday for its $300 million offering of five-year senior secured notes, according to an informed source.

The deal is expected to price on Aug. 9.

Credit Suisse Securities and J.P. Morgan Securities Inc. are the joint bookrunners for the Rule 144A for life notes.

The notes come with three years of call protection.

Proceeds will be used to fund a dividend and for general corporate purposes.

The prospective issuer is a San Diego-based online lender.

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