SAN ANTONIO, Nov. 30, 2020 (World NEWSWIRE) — Rackspace Technology™ (NASDAQ: RXT) (the “Company”) nowadays introduced the early tender results for its formerly announced tender offer you (the “Tender Offer”) to invest in for dollars any and all of its remarkable 8.625% Senior Notes owing 2024 (the “Notes”). The Tender Offer you is topic to the terms and circumstances set forth in the Present to Buy, dated November 16, 2020, relating thereto (the “Offer to Purchase”).
As of the beforehand declared early tender deadline of 5:00 p.m., New York Town time, on Monday, November 30, 2020 (the “Early Tender Time”), the Corporation has been recommended by World wide Bondholder Services Corporation, as Depositary for the Tender Present, that $259,147,000 in aggregate principal volume, or roughly 49.91%, of the excellent Notes had been validly tendered and not withdrawn in the Tender Give. The withdrawal deadline relating to the Tender Provide occurred at 5:00 p.m., New York Town time, on Monday, November 30, 2020. Notes beforehand tendered and not withdrawn and Notes that are tendered immediately after the withdrawal deadline could not be withdrawn, besides as needed by law. The Tender Supply is scheduled to expire at 12:00 midnight, New York Metropolis time, on Monday, December 14, 2020 (the “Expiration Time”), unless extended or terminated previously.
Issue to the terms and disorders of the Tender Provide, the Company is accepting for obtain all Notes validly tendered and not validly withdrawn prior to the Early Tender Time, with the settlement date for these acquire expected to happen on or about December 1, 2020.
Citigroup World-wide Marketplaces Inc. is performing as the seller manager (the “Dealer Manager”) for the Tender Offer. World-wide Bondholder Products and services Company is acting as the Depositary and the Data Agent for the Tender Provide. Queries with regards to the Tender Offer you must be directed to Citigroup World Marketplaces Inc. at (800) 558-3745 (toll-cost-free) or (212) 723-6106 (gather). Requests for documentation ought to be directed to World-wide Bondholder Products and services Company at (212) 430-3774 (for financial institutions and brokers) or (866) 470-3900 (for all other people).
This announcement is for informational needs only. This announcement is not an give to obtain or a solicitation of an give to order the Notes. The Tender Supply is remaining built only pursuant to the Supply to Acquire. The Tender Supply is not being created to holders of Notes in any jurisdiction in which the building or acceptance thereof would not be in compliance with the securities, blue sky or other guidelines of these kinds of jurisdiction. In any jurisdiction in which the securities regulations or blue sky guidelines need the Tender Give to be manufactured by a licensed broker or supplier, the Tender Supply will be considered to be designed on behalf of the Company by the Seller Supervisor, or one particular or a lot more registered brokers or sellers that are certified less than the legal guidelines of these types of jurisdiction.
None of the Organization or its affiliates, the Dealer Supervisor, the Depositary, the Facts Agent or the trustee with respect to the Notes is creating any recommendation as to regardless of whether holders ought to tender any Notes in the Tender Offer you, and neither the Firm nor any these other person has licensed any particular person to make any these advice. Holders ought to make their very own decision as to irrespective of whether to tender any of their Notes, and, if so, the principal amount of money of Notes to tender.
About Rackspace Engineering
Rackspace Know-how is a leading stop-to-conclude multicloud engineering expert services corporation. We design and style, build and work our customers’ cloud environments throughout all big technological innovation platforms, irrespective of technologies stack or deployment model. We husband or wife with our buyers at each individual stage of their cloud journey, enabling them to modernize purposes, construct new items and adopt progressive systems.
Rackspace Technological know-how Risk-free Harbor Assertion
Some of the statements in this information launch constitute “forward-on the lookout statements” that do not straight or exclusively relate to historical details. The forward-seeking statements designed in this launch mirror the Company’s intentions, ideas, expectations, assumptions and beliefs about foreseeable future activities and are topic to dangers, uncertainties and other components, many of which are outside the house of the Company’s manage. Identified hazards consist of, among many others, the hazards provided in Rackspace Know-how, Inc.’s filings with the U.S. Securities and Exchange Commission. Mainly because genuine final results could differ materially from the Company’s intentions, options, anticipations, assumptions and beliefs about the upcoming, you are urged to view all ahead-hunting statements contained in this push launch with warning. The Corporation does not undertake any obligation to update or revise any ahead-looking statements, regardless of whether as a result of new information and facts, long run situations or in any other case.
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