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Rackspace Technologies Announces Proposed 0 Million Notes Supplying by Rackspace Know-how World-wide

Rackspace Technologies Announces Proposed $550 Million Notes Supplying by Rackspace Know-how World-wide

Press launch material from World Newswire. The AP information team was not associated in its development.

SAN ANTONIO, Feb. 02, 2021 (World NEWSWIRE) — Rackspace Technology™ (NASDAQ: RXT) nowadays announced that its wholly owned subsidiary Rackspace Technological innovation Worldwide, Inc. (the “Company”) is proposing to problem $550. million combination principal volume of First-Precedence Senior Secured Notes thanks 2028 (the “Notes”) in a personal giving that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The supplying is subject matter to market place circumstances and other variables.

The Business intends to use the internet proceeds from the giving, with each other with borrowings beneath a new $2,300. million senior secured to start with lien term financial loan facility (expected to be upsized from the beforehand announced $2,200. million), to repay the borrowings fantastic beneath its present expression loan facility, to spend connected fees and expenses and for standard company applications.

The Notes are getting supplied only to folks moderately thought to be certified institutional purchasers in reliance on Rule 144A underneath the Securities Act, and exterior the United States, only to non-U.S. traders pursuant to Regulation S under the Securities Act. The Notes will not be registered underneath the Securities Act or any state securities regulations and could not be offered or sold in the United States absent an effective registration statement or an relevant exemption from registration specifications or a transaction not matter to the registration necessities of the Securities Act or any condition securities legislation.

This press release shall not represent an offer to offer or the solicitation of an present to buy any protection and shall not constitute an supply, solicitation or sale in any jurisdiction in which such featuring, solicitation or sale would be unlawful.

About Rackspace Know-how

Rackspace Technology is a foremost conclusion-to-stop multicloud technological innovation providers company. We style, create and function our customers’ cloud environments throughout all major engineering platforms, irrespective of technological know-how stack or deployment design. We partner with our shoppers at every stage of their cloud journey, enabling them to modernize applications, make new products and solutions and adopt progressive systems.

Rackspace Technological know-how Safe Harbor Assertion: 

Some of the statements in this news launch represent “forward-hunting statements” that do not straight or completely relate to historical info. The forward-looking statements built in this release reflect the Company’s intentions, plans, anticipations, assumptions and beliefs about future situations and are subject matter to hazards, uncertainties and other elements, a lot of of which are outside the house of the Company’s command. Regarded dangers contain, among the some others, the hazards involved in Rackspace Technologies, Inc.’s filings with the U.S. Securities and Exchange Commission. Due to the fact precise results could differ materially from the Company’s intentions, plans, anticipations, assumptions and beliefs about the foreseeable future, you are urged to check out all ahead-wanting statements contained in this press launch with warning. The Company does not undertake any obligation to update or revise any forward-searching statements, regardless of whether as a result of new information and facts, long run occasions or usually.

IR Get hold of
Investor Relations
[email protected]  

PR Get in touch with
Natalie Silva
Rackspace Technological innovation Company Communications
[email protected]  

Press launch material from World Newswire. The AP information team was not associated in its development.

SAN ANTONIO, Feb. 02, 2021 (World NEWSWIRE) — Rackspace Technology™ (NASDAQ: RXT) nowadays announced that its wholly owned subsidiary Rackspace Technological innovation Worldwide, Inc. (the “Company”) is proposing to problem $550. million combination principal volume of First-Precedence Senior Secured Notes thanks 2028 (the “Notes”) in a personal giving that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The supplying is subject matter to market place circumstances and other variables.

The Business intends to use the internet proceeds from the giving, with each other with borrowings beneath a new $2,300. million senior secured to start with lien term financial loan facility (expected to be upsized from the beforehand announced $2,200. million), to repay the borrowings fantastic beneath its present expression loan facility, to spend connected fees and expenses and for standard company applications.

The Notes are getting supplied only to folks moderately thought to be certified institutional purchasers in reliance on Rule 144A underneath the Securities Act, and exterior the United States, only to non-U.S. traders pursuant to Regulation S under the Securities Act. The Notes will not be registered underneath the Securities Act or any state securities regulations and could not be offered or sold in the United States absent an effective registration statement or an relevant exemption from registration specifications or a transaction not matter to the registration necessities of the Securities Act or any condition securities legislation.

This press release shall not represent an offer to offer or the solicitation of an present to buy any protection and shall not constitute an supply, solicitation or sale in any jurisdiction in which such featuring, solicitation or sale would be unlawful.

About Rackspace Know-how

Rackspace Technology is a foremost conclusion-to-stop multicloud technological innovation providers company. We style, create and function our customers’ cloud environments throughout all major engineering platforms, irrespective of technological know-how stack or deployment design. We partner with our shoppers at every stage of their cloud journey, enabling them to modernize applications, make new products and solutions and adopt progressive systems.

Rackspace Technological know-how Safe Harbor Assertion: 

Some of the statements in this news launch represent “forward-hunting statements” that do not straight or completely relate to historical info. The forward-looking statements built in this release reflect the Company’s intentions, plans, anticipations, assumptions and beliefs about future situations and are subject matter to hazards, uncertainties and other elements, a lot of of which are outside the house of the Company’s command. Regarded dangers contain, among the some others, the hazards involved in Rackspace Technologies, Inc.’s filings with the U.S. Securities and Exchange Commission. Due to the fact precise results could differ materially from the Company’s intentions, plans, anticipations, assumptions and beliefs about the foreseeable future, you are urged to check out all ahead-wanting statements contained in this press launch with warning. The Company does not undertake any obligation to update or revise any forward-searching statements, regardless of whether as a result of new information and facts, long run occasions or usually.

IR Get hold of
Investor Relations
[email protected]  

PR Get in touch with
Natalie Silva
Rackspace Technological innovation Company Communications
[email protected]