Rackspace Technology Initiates Senior Secured Note Exchange

Rackspace Technology (RXT) just unveiled an update.

Rackspace Technology, Inc. has initiated a Public Note Exchange for eligible holders to exchange 3.50% First-Priority Senior Secured Notes due 2028 issued by its subsidiary. This move, announced on March 14, 2024, is not to be construed as an offer or solicitation for purchase or sale of any securities. The exchange is governed by a confidential memorandum available to note holders, detailing the terms and conditions. The company has also included forward-looking statements in their report, subject to risks and uncertainties, indicating that actual future events may differ from current expectations.

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