Rackspace Hosting to redeem 6½% senior notes due 2024 on Dec. 5

By Marisa Wong

Morgantown, W.Va., Nov. 3 – Rackspace Hosting, Inc. issued a notice of redemption for its 6½% senior notes due 2024, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed on Dec. 5.

Under the indenture dated Nov. 25, 2015, the notes have a make-whole call at Treasuries plus 50 basis points until Jan. 15, 2019, and then they are callable at 104.875, as previously reported.

Wells Fargo Bank, NA is the trustee.

Rackspace is a San Antonio-based managed cloud company.

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