Rackspace accepts tenders for $515 million of notes due 2024

By Taylor Fox

New York, Sept. 10 – Rackspace Technology Global, Inc. announced the final results for its tender offer to purchase for cash up to $600 million of its $1.12 billion outstanding 8 5/8% senior notes due 2024 (Cusip: 45332JAA0), according to a news release.

The offer expired at 12 a.m. ET on Sept. 9.

As of the 12 a.m. ET on Aug. 25 early tender deadline, $507,636,000, or 45.32%, of the outstanding notes had been validly tendered and not withdrawn.

After the early tender deadline, and at or prior to the expiration time, an additional $7.32 million of the outstanding notes had been validly tendered and not withdrawn.

Rackspace has accepted for purchase all notes validly tendered and not validly withdrawn prior to the expiration time.

The settlement date is expected to occur Sept. 11.

Citigroup Global Markets Inc. (800 558-3745, 212 723-6106) is dealer manager for the offer.

Global Bondholder Services Corp. (212 430-3774 for banks and brokers, 866 470-3900 for others) is information agent and depositary for the offer.

Rackspace is a multicloud technology services company based in Windcrest, Tex.

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