Rackspace gives final results of offer for 8 5/8% notes due 2024

By Cady Vishniac

Detroit, Dec. 15 – Rackspace Technology Global, Inc. has announced final results for its tender offer for its 8 5/8% senior notes due Nov. 15, 2024 (Cusips: 45332JAA0, U45083AA7), according to a news release.

The company has accepted $259,147,000 principal amount of notes by the 5 p.m. ET Nov. 30 early tender deadline. No further notes have been tendered.

Holders who tendered their notes by the Nov. 30 deadline were eligible to receive $1,045 per $1,000 face amount of notes, which includes an early tender payment of $30 for each $1,000 principal amount validly tendered and accepted.

The offer expired at midnight ET on Dec. 14 and was announced on Nov. 16.

Payment was made on or about Dec. 1.

Previously reported, Rackspace has also issued notice that it will redeem any notes not purchased in the tender offer at a price of 104.313 of the principal amount, plus accrued and unpaid interest up to but excluding the redemption date of Dec. 16, subject to the completion of a potential offering of new notes.

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

Global Bondholder Services Corp. (212 430-3774, 866 470-3900) acted as the information agent and the depositary.

Rackspace Technology Global is a San Antonio-based multi-cloud managed services company.

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