Rackspace technology announces launch of exchange offer relating to its 3.50% first-priority senior secured notes due 2028

San antonio, march 14, 2024 (globe newswire) -- rackspace technology® (nasdaq: rxt) (“rackspace” or the “company”), a leading end-to-end hybrid, multicloud, and ai technology solutions company, through its indirect subsidiary rackspace finance, llc (the “new issuer”), today announced offers to eligible holders in respect of any and all of the 3.50% first-priority senior secured notes due 2028 (the “existing secured notes”) issued by its indirect subsidiary rackspace technology global, inc., to (i) (a) exchange certain of those existing secured notes for new 3.50% flso senior secured notes due 2028 (the “exchange notes”) issued by the new issuer and (b) have purchased for cancellation certain of those existing secured notes by the new issuer for cash (collectively, the “exchange offer”), and (ii) fund (the “funding offer” and, together with the exchange offer, the “offers”) new senior secured first lien first out term loans (the “new flfo term loans”) of the new issuer.
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