Rackspace Technological know-how Announces Pricing of $550 Million Notes Offering by Rackspace Technology World-wide

Susan R. Jones

Push launch information from Globe Newswire. The AP information personnel was not included in its development.

SAN ANTONIO, Feb. 02, 2021 (World NEWSWIRE) — Rackspace Technology™ (NASDAQ: RXT) right now announced that its wholly owned subsidiary Rackspace Technological know-how Global, Inc. (the “Company”) has priced its supplying of $550. million combination principal amount of 3.50% First-Precedence Senior Secured Notes due 2028 (the “Notes”) at an difficulty cost of 100.000%. The closing of the giving is anticipated to come about on February 9, 2021 and is subject matter to customary closing problems.

The Enterprise intends to use the internet proceeds from the presenting, together with borrowings less than a new senior secured first lien phrase bank loan facility, to repay the borrowings excellent under its current phrase bank loan facility, to spend associated costs and bills and for basic corporate uses.

The Notes are currently being supplied only to persons moderately considered to be qualified institutional buyers in reliance on Rule 144A less than the Securities Act of 1933, as amended (the “Securities Act”), and exterior the United States, only to non-U.S. investors pursuant to Regulation S less than the Securities Act. The Notes will not be registered under the Securities Act or any point out securities legal guidelines and could not be offered or offered in the United States absent an successful registration statement or an applicable exemption from registration demands or a transaction not topic to the registration prerequisites of the Securities Act or any point out securities regulations.

This press launch shall not constitute an present to market or the solicitation of an supply to buy any security and shall not represent an offer, solicitation or sale in any jurisdiction in which these presenting, solicitation or sale would be illegal.

About Rackspace Know-how

Rackspace Technologies is a top conclude-to-conclude multicloud technology expert services organization. We can design, develop and function our customers’ cloud environments throughout all main technological know-how platforms, irrespective of know-how stack or deployment model. We companion with our buyers at just about every stage of their cloud journey, enabling them to modernize apps, build new solutions and undertake impressive technologies.

Rackspace Technologies Secure Harbor Assertion:

Some of the statements in this news launch constitute “forward-hunting statements” that do not specifically or exclusively relate to historical details. The ahead-hunting statements built in this launch reflect the Company’s intentions, strategies, expectations, assumptions and beliefs about foreseeable future functions and are matter to challenges, uncertainties and other things, lots of of which are outdoors of the Company’s handle. Recognised dangers include things like, amongst some others, the pitfalls included in Rackspace Engineering, Inc.’s filings with the U.S. Securities and Trade Fee. Simply because actual effects could differ materially from the Company’s intentions, plans, expectations, assumptions and beliefs about the potential, you are urged to view all forward-seeking statements contained in this push release with warning. The Business does not undertake any obligation to update or revise any forward-on the lookout statements, no matter if as a final result of new facts, long term situations or or else.

IR Get hold of
Trader Relations
[email protected]

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

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