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

San antonio, april 12, 2024 (globe newswire) -- rackspace technology® (nasdaq: rxt) (“rackspace” or the “company”), a leading end-to-end hybrid, multicloud, and ai technology solutions company, today announced the final results of the previously announced offer by its indirect subsidiary rackspace finance, llc (the “new issuer”), 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 of the new issuer, in each case, subject to the terms and conditions of the offering memorandum dated march 14, 2024 (as amended by the company's press release dated march 29, 2024, the “offering memorandum”). the exchange offer expired at 5:00 p.m., new york city time, on april 12, 2024 (the “expiration time”).
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