SAN ANTONIO, Feb. 02, 2021 (World NEWSWIRE) — Rackspace Technology™ (NASDAQ: RXT) currently announced that its wholly owned subsidiary Rackspace Know-how International, Inc. (the “Company”) is proposing to challenge $550. million mixture principal quantity of Initially-Precedence Senior Secured Notes thanks 2028 (the “Notes”) in a personal supplying that is exempt from the registration needs of the Securities Act of 1933, as amended (the “Securities Act”). The giving is issue to industry situations and other variables.
The Organization intends to use the internet proceeds from the featuring, alongside one another with borrowings underneath a new $2,300. million senior secured initially lien phrase loan facility (anticipated to be upsized from the beforehand introduced $2,200. million), to repay the borrowings excellent underneath its existing expression financial loan facility, to spend relevant charges and bills and for normal company applications.
The Notes are becoming available only to individuals fairly believed to be qualified institutional purchasers in reliance on Rule 144A beneath the Securities Act, and outdoors the United States, only to non-U.S. traders pursuant to Regulation S underneath the Securities Act. The Notes will not be registered under the Securities Act or any state securities guidelines and may not be provided or sold in the United States absent an effective registration assertion or an applicable exemption from registration prerequisites or a transaction not subject matter to the registration demands of the Securities Act or any condition securities legislation.
This push launch shall not constitute an offer you to offer or the solicitation of an present to invest in any security and shall not constitute an give, solicitation or sale in any jurisdiction in which such featuring, solicitation or sale would be illegal.
About Rackspace Know-how
Rackspace Technology is a top conclusion-to-end multicloud engineering solutions organization. We design, construct and function our customers’ cloud environments throughout all big technological innovation platforms, irrespective of know-how stack or deployment product. We associate with our buyers at each individual phase of their cloud journey, enabling them to modernize purposes, develop new solutions and undertake impressive systems.
Rackspace Technologies Risk-free Harbor Assertion:
Some of the statements in this information release constitute “forward-searching statements” that do not directly or exclusively relate to historical facts. The ahead-wanting statements created in this launch reflect the Company’s intentions, ideas, anticipations, assumptions and beliefs about foreseeable future situations and are issue to challenges, uncertainties and other factors, a lot of of which are outside the house of the Company’s control. Recognised pitfalls contain, between other people, the challenges bundled in Rackspace Technology, Inc.’s filings with the U.S. Securities and Exchange Fee. Mainly because genuine results could vary materially from the Company’s intentions, options, expectations, assumptions and beliefs about the upcoming, you are urged to look at all ahead-hunting statements contained in this push launch with caution. The Firm does not undertake any obligation to update or revise any forward-searching statements, regardless of whether as a final result of new information, potential activities or in any other case.
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