Rackspace Technological innovation Announces Pricing of $550 Million Notes Featuring by Rackspace Engineering World-wide

Susan R. Jones

Push release content from Globe Newswire. The AP news staff members was not included in its creation.

SAN ANTONIO, Feb. 02, 2021 (World NEWSWIRE) — Rackspace Technology™ (NASDAQ: RXT) right now announced that its wholly owned subsidiary Rackspace Engineering Worldwide, Inc. (the “Company”) has priced its giving of $550. million aggregate principal volume of 3.50% First-Precedence Senior Secured Notes owing 2028 (the “Notes”) at an issue price of 100.000%. The closing of the giving is predicted to arise on February 9, 2021 and is matter to customary closing circumstances.

The Corporation intends to use the web proceeds from the offering, alongside one another with borrowings under a new senior secured very first lien term mortgage facility, to repay the borrowings superb beneath its existing expression financial loan facility, to pay similar costs and expenditures and for typical company applications.

The Notes are becoming presented only to persons reasonably believed to be competent institutional prospective buyers in reliance on Rule 144A less than the Securities Act of 1933, as amended (the “Securities Act”), and outdoors the United States, only to non-U.S. traders pursuant to Regulation S under the Securities Act. The Notes will not be registered less than the Securities Act or any point out securities regulations and might not be provided or bought in the United States absent an effective registration statement or an applicable exemption from registration needs or a transaction not matter to the registration prerequisites of the Securities Act or any point out securities regulations.

This press launch shall not represent an present to promote or the solicitation of an give to acquire any stability and shall not constitute an offer you, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful.

About Rackspace Know-how

Rackspace Know-how is a major stop-to-stop multicloud technological innovation services corporation. We can style and design, establish and work our customers’ cloud environments throughout all big know-how platforms, irrespective of technology stack or deployment product. We husband or wife with our shoppers at each and every stage of their cloud journey, enabling them to modernize programs, establish new goods and undertake innovative systems.

Rackspace Engineering Safe Harbor Assertion:

Some of the statements in this information release represent “forward-looking statements” that do not immediately or solely relate to historical points. The forward-looking statements created in this release mirror the Company’s intentions, programs, expectations, assumptions and beliefs about potential gatherings and are topic to threats, uncertainties and other elements, quite a few of which are outside of the Company’s handle. Regarded challenges incorporate, among the many others, the challenges provided in Rackspace Technologies, Inc.’s filings with the U.S. Securities and Trade Fee. Because real final results could vary materially from the Company’s intentions, ideas, anticipations, assumptions and beliefs about the long run, you are urged to watch all forward-hunting statements contained in this press release with caution. The Company does not undertake any obligation to update or revise any ahead-wanting statements, whether as a end result of new information, future gatherings or otherwise.

IR Get hold of
Investor Relations
[email protected]

PR Call
Natalie Silva
Rackspace Know-how Company Communications
[email protected]

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