Rock pulls $300 million note offering, eyes funding alternatives

By Paul A. Harris

St. Louis, Aug. 17 - Rock Holdings, Inc., the parent of Quicken Loans and Title Source, has withdrawn its $300 million offering of five-year senior secured notes, opting for more attractive financing alternatives, an informed source said on Tuesday.

Credit Suisse Securities and J.P. Morgan Securities Inc. were the joint bookrunners.

The San Diego-based online lender intended to use proceeds from the bond sale to fund a dividend and for general corporate purposes.

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