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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.

Rocket units to sell $1.25 billion in dual tranches due 2029, 2031

By Rebecca Melvin

New York, Sept. 9 – Rocket Cos. Inc. said its subsidiaries Quicken Loans LLC and Quicken Loans Co-Issuer Inc. are planning to price $1.25 billion of notes in a two-part offering, with maturities of 2029 and 2031, according to a company release on Wednesday.

The proceeds from the Rule 144A and Regulation S notes together with cash on hand will be used to redeem all of Quicken Loans’ outstanding $1.25 billion 5¾% senior notes due 2025 and pay any related fees and expenses.

Rocket Cos. Is a personal finance and consumer services holding company based in Detroit.


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