Brief: Rackspace Technology Announces Refinancing Transactions

Rackspace Technology

12/03/2024 20:19

March 12 (Reuters) - Rackspace Technology Inc  RXT.O :
    * RACKSPACE TECHNOLOGY ANNOUNCES REFINANCING TRANSACTIONS,
SIGNIFICANTLY REDUCING DEBT AND SECURING NEW MONEY INVESTMENT
    * RACKSPACE TECHNOLOGY INC - COMPANY TO RECEIVE $275 MILLION
OF
NEW MONEY TO ADVANCE KEY STRATEGIC INITIATIVES
    * RACKSPACE TECHNOLOGY INC - COMPANY TO LAUNCH PUBLIC
EXCHANGE
OFFER TO ALL EXISTING TERM LOAN LENDERS AND SECURED NOTE HOLDERS
    * RACKSPACE TECHNOLOGY INC - THERE WILL BE NO CHANGE IN
RACKSPACE'S EQUITY OWNERSHIP AS A RESULT OF TRANSACTION

Source text for Eikon:  ID:nGNE7dHWLX 
Further company coverage:  RXT.O 

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