Rocket Companies has priced the issuance of $1.5 billion in senior notes in an oversubscribed transaction, with proceeds to refinance an existing term loan.

Rocket Companies plans to issue $1.2 billion in debt, with proceeds earmarked to hisse upcoming maturities and other debt obligations, the company announced Tuesday.

Rocket Mortgage and Rocket Pro provided additional details this week on their rollout of VantageScore 4.0 in mortgage lending after officially announcing last week that they have started using VantageScore 4.0 alongside Classic FICO scores.