August 19, 2022

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Rackspace Engineering Announces Pricing of $550 Million Notes Giving by Rackspace Know-how World

Push release content material from Globe Newswire. The AP news workers was not involved in its creation.

SAN ANTONIO, Feb. 02, 2021 (World NEWSWIRE) — Rackspace Technology™ (NASDAQ: RXT) now announced that its wholly owned subsidiary Rackspace Technologies World-wide, Inc. (the “Company”) has priced its providing of $550. million combination principal amount of 3.50% To start with-Precedence Senior Secured Notes due 2028 (the “Notes”) at an issue cost of 100.000%. The closing of the featuring is anticipated to occur on February 9, 2021 and is topic to customary closing conditions.

The Corporation intends to use the internet proceeds from the providing, collectively with borrowings under a new senior secured 1st lien expression personal loan facility, to repay the borrowings remarkable below its existing time period mortgage facility, to pay out related expenses and expenses and for basic company uses.

The Notes are becoming made available only to persons reasonably thought to be competent institutional prospective buyers in reliance on Rule 144A below the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States, only to non-U.S. traders pursuant to Regulation S below the Securities Act. The Notes will not be registered less than the Securities Act or any point out securities legal guidelines and may perhaps not be offered or marketed in the United States absent an successful registration statement or an relevant exemption from registration requirements or a transaction not subject matter to the registration demands of the Securities Act or any point out securities legislation.

This push launch shall not represent an offer you to sell or the solicitation of an give to obtain any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which these types of giving, solicitation or sale would be unlawful.

About Rackspace Technological innovation

Rackspace Technological innovation is a leading conclusion-to-conclude multicloud technological know-how services enterprise. We can structure, make and work our customers’ cloud environments across all important technology platforms, irrespective of engineering stack or deployment model. We spouse with our shoppers at every single phase of their cloud journey, enabling them to modernize purposes, develop new goods and undertake progressive systems.

Rackspace Technological innovation Safe and sound Harbor Assertion:

Some of the statements in this information release constitute “forward-looking statements” that do not straight or completely relate to historical info. The forward-seeking statements produced in this release reflect the Company’s intentions, strategies, anticipations, assumptions and beliefs about future activities and are subject matter to challenges, uncertainties and other factors, lots of of which are outside the house of the Company’s command. Known threats involve, amongst other individuals, the risks involved in Rackspace Technological know-how, Inc.’s filings with the U.S. Securities and Exchange Fee. For the reason that true benefits could differ materially from the Company’s intentions, plans, expectations, assumptions and beliefs about the long run, you are urged to watch all forward-looking statements contained in this press launch with warning. The Organization does not undertake any obligation to update or revise any ahead-looking statements, regardless of whether as a result of new details, upcoming activities or if not.

IR Call
Investor Relations
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PR Get hold of
Natalie Silva
Rackspace Technology Corporate Communications
[email protected]