Kyndryl issues $500M 6.350% Senior Notes due 2034 to repay variable term loan

Kyndryl Holdings, Inc.

$500M aggregate principal of 6.350% Senior Notes due Feb 20, 2034.
Net proceeds plus cash on hand to repay outstanding $500M variable term loan.
Underwriters: MUFG Securities, Scotia Capital (USA), SMBC Nikko Securities America.
Notes are senior unsecured, rank equally with existing and future senior debt.
Make-whole redemption prior to Nov 20, 2033; thereafter redeemable at par.

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