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Prospect News home > News index > List of issuers Q > Headlines for Quicken Loans Co-Issuer, Inc. > News item
Published on 9/9/2020 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Quicken Loans to redeem all $1.25 billion 5¾% notes due 2025

By Taylor Fox

New York, Sept. 9 – Quicken Loans, LLC and Quicken Loans Co-Issuer, Inc. plan to redeem all their $1.25 billion 5¾% senior notes due 2025, according to a news release.

Quicken will use proceeds from new $1.25 billion senior notes due 2029 and 2031, along with cash on hand, to fund the redemption and any related fees and expenses.

The Detroit-based online lender plans to use the proceeds to fund a distribution to shareholders and for general corporate purposes.


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