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RXT - Rackspace Technology Global launches $550M notes offering
Rackspace Technology Inc.
Rackspace Technology Global, a wholly owned subsidiary of Rackspace Technology (RXT) to issue $550M of First-Priority senior secured notes due 2028 in a private offering. Net proceeds together with borrowings under a new $2.3M senior secured first lien term loan facility will be used to repay the borrowings outstanding under existing term loan facility and for general corporate purposes.Shares up 3.3% premarket.