secwatch.observer — SEC 8-K summary
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Issuer:     Kyndryl Holdings, Inc. (KD)
CIK:        0001867072
Form:       8-K
Filed at:   2021-10-15T23:59:59+00:00
Accession:  0001104659-21-126755
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867072/000110465921126755/0001104659-21-126755-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867072/000110465921126755/tm2129119d4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-126755

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer