secwatch.observer — SEC 8-K summary
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Issuer:     Kyndryl Holdings, Inc. (KD)
CIK:        0001867072
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001104659-24-025284
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867072/000110465924025284/0001104659-24-025284-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867072/000110465924025284/tm246507d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-025284

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