Brief: Rackspace Technology Announces Refinancing Transactions

Rackspace Technology

12/03/2024 22:04

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 - MATURITIES ON RCF AND OTHER
PARTICIPATING SENIOR DEBT FACILITIES WERE EXTENDED TO MAY 2028
    * RACKSPACE TECHNOLOGY - IN ADDITION, WITH EXTENSION AND
AMENDMENT
OF RCF, RACKSPACE WILL CONTINUE TO HAVE ACCESS TO FULL $375
MILLION AVAILABLE UNDER RCF
    * RACKSPACE TECHNOLOGY-AFTER CLOSING OF PUBLIC EXCHANGE
OFFER &
ASSUMING FULL PARTICIPATION,TO HAVE RAISED $575 MILLION OF NEW
CAPITAL OVER PAST 12 MONTHS

Source text for Eikon:  ID:nGNX2hF8Jc 
Further company coverage:  RXT.O 

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