secwatch.observer — SEC 8-K summary
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Issuer:     Kyndryl Holdings, Inc. (KD)
CIK:        0001867072
Form:       8-K
Filed at:   2026-09-28T20:22:39+00:00
Accession:  0001104659-26-111380
Event type: debt
Sentiment:  neutral
Materiality: 0.85
Item codes: 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Kyndryl to sell $1B senior notes due 2029 and 2032 to refinance 2026 debt
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- Kyndryl agreed to sell $600M of 7.800% senior notes due 2029 and $400M of 7.875% senior notes due 2032 to underwriters led by J.P. Morgan, Citigroup and Morgan Stanley.
- Net proceeds will repay at maturity $700M of Kyndryl's 2.05% senior notes due October 2026, with remaining proceeds plus cash to repay its revolving credit agreement.
- The notes are senior unsecured obligations, not guaranteed by subsidiaries; 2029 notes mature September 28, 2029, and 2032 notes mature January 15, 2032.
- Interest is payable semiannually beginning March 28, 2027 for the 2029 notes and January 15, 2027 for the 2032 notes; rates adjust on rating changes.
- The indentures restrict liens, sale-leaseback transactions and mergers, and require repurchase offers on certain change-of-control events.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867072/000110465926111380/0001104659-26-111380-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867072/000110465926111380/tm2626148d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-111380

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