Rackspace Engineering Announces awards of $ 550 million in bonds offered by Rackspace Technological innovation Global Nasdaq: RXT

News Highlights: Rackspace Technologies Announces awards of $ 550 million in bonds available by Rackspace Technologies International Nasdaq: RXT

SAN ANTONIO, Feb 2, 2021 (World NEWSWIRE) – Rackspace Technology™ (NASDAQ: RXT) currently declared that its wholly owned subsidiary, Rackspace Technology Global, Inc. (the “Company”) has priced its supplying of $ 550. million in aggregate principal volume of 3.50% Initial-Priority Senior Secured Notes due 2028 (the “Notes”) at an situation price tag of 100,000%. The closing of the offering is anticipated to acquire place on February 9, 2021 and is subject matter to customary closing ailments.

The Business intends to use the web proceeds of the presenting, with each other with financial loans less than a new senior secured initial-time period bank loan, to repay the exceptional financial loans beneath its existing mortgage in thanks study course, to pay out similar charges and costs and for normal company purposes.

The Notes are being available only to individuals moderately thought to be competent institutional purchasers in reliance on Rule 144A beneath the Securities Act of 1933, as amended (the “Securities Act”), and outside the house the United States, only to non-U.S. traders less than Regulation S under the Securities Act. The Notes will not be registered below the Securities Act or any point out securities regulations and may perhaps not be made available or bought in the United States with no an powerful registration assertion or an applicable exemption from registration needs or a transaction that is not issue to the registration requirements of the Securities. Act of any condition securities legal guidelines.

This press launch does not represent an give to provide or the solicitation of an offer you to purchase any security and will not represent an offer, solicitation or sale in any jurisdiction where these kinds of provide, solicitation or sale would be illegal.

About Rackspace Technologies

Rackspace Know-how is a main finish-to-stop multicloud technological know-how solutions business. We can structure, develop and run our customers’ cloud environments on all key technological know-how platforms, no matter of the know-how stack or implementation model. We companion with our prospects at just about every phase of their cloud journey, enabling them to modernize programs, build new solutions and use ground breaking systems.

Rackspace Engineering Secure Harbor Assertion:

Some of the statements in this push launch are “forward-seeking statements” that do not instantly or solely relate to historic info. The ahead-on the lookout statements in this press release mirror the company’s intentions, options, anticipations, assumptions and beliefs about foreseeable future situations and are subject matter to challenges, uncertainties and other variables, numerous of which are outside the house the company’s manage. Acknowledged hazards consist of these incorporated in Rackspace Technology, Inc. filings with the United States Securities and Exchange Commission. Simply because genuine success may perhaps vary materially from the Company’s intentions, programs, anticipations, assumptions and beliefs about the long run, you are urged to evaluate all forward-seeking statements in this press release with warning. The corporation assumes no obligation to update or revise ahead-looking statements, irrespective of whether as a end result of new facts, long run occasions or or else.

IR Investor Relations Make contact with [email protected]

PR Contact: Natalie Silva Rackspace Technology Corporate [email protected]

By way of: www.globenewswire.com

Study extra: Examine the newest engineering news updates and information. Share this news with your close friends and household to help us.

Compsmag is supported by its audience. When you acquire as a result of backlinks on our web page, we could generate an affiliate commission rate. Study far more