---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-126755"
form_type: "8-K"
ticker: "KD"
cik: "0001867072"
company_name: "Kyndryl Holdings, Inc."
filed_at: "2021-10-15T23:59:59+00:00"
generated_at: "2026-06-28T20:38:49.822550+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Kyndryl issues $2.35B of senior notes in four tranches; IBM guaranty to be released at separation

## Summary
- Issued $700M 2.050% notes due 2026, $500M 2.700% due 2028, $650M 3.150% due 2031, $550M 4.100% due 2041.
- Notes are senior unsecured; initially guaranteed by IBM; guaranty released automatically when Kyndryl separation completes.
- Separation of Kyndryl from IBM expected on Nov 3, 2021; after that, IBM guarantee terminates.
- Entered registration rights agreement; must use best efforts to file exchange offer registration by Oct 15, 2022.

## SEC filing metadata
- accession: 0001104659-21-126755
- form_type: 8-K
- ticker: KD
- cik: 0001867072
- company_name: Kyndryl Holdings, Inc.
- filed_at: 2021-10-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1867072/000110465921126755/0001104659-21-126755-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1867072/000110465921126755/tm2129119d4_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-126755
- JSON: https://secwatch.observer/filing/0001104659-21-126755.json
- Plain text: https://secwatch.observer/filing/0001104659-21-126755.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.