{"schema_version":"secwatch.filing_event.v1","accession":"0001810019-24-000029","form_type":"8-K","ticker":"RXT","cik":"0001810019","company_name":"Rackspace Technology, Inc.","filed_at":"2024-03-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.620409+00:00","generated_at":"2026-06-04T23:13:44.277053+00:00","sec_items":["1.01","2.02","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Rackspace closes $1.9B debt exchange, cuts >$375M debt, extends maturities to 2028","bullets":["Exchanged $331.4M of 3.50% secured notes and $1.59B of term loans with holders representing >64% and >72% of each class.","Issued $267.3M new 3.50% secured notes and $1.31B new first-lien second-out term loans, both maturing May 2028.","Eliminated over $375M of debt and extended $1.58B of total debt maturity to May 2028.","Received $275M new first-lien first-out term loans (SOFR+6.25%) and established a new $375M revolving credit facility.","Expects to commence public exchange offers for remaining $182.3M notes and $592.3M term loans."],"urls":{"canonical":"https://secwatch.observer/filing/0001810019-24-000029","json":"https://secwatch.observer/filing/0001810019-24-000029.json","markdown":"https://secwatch.observer/filing/0001810019-24-000029.md","text":"https://secwatch.observer/filing/0001810019-24-000029.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1810019/000181001924000029/0001810019-24-000029-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1810019/000181001924000029/rxt-20240307.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T23:13:44.277053+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"54c49b8c8b61f88d306ea9bc46fc72ada7b4a333","claim":"Rackspace Technology, Inc. reported financial results for the fiscal quarter and year ended December 31, 2023.","evidence_excerpt":"On March 12, 2024, the Company issued a press release announcing its financial results for the fiscal quarter and year ended December 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1810019/000181001924000029/0001810019-24-000029-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter and year ended December 31, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"813a8595642389cf81afc0c93514def849610d4c","claim":"Rackspace Technology, Inc. entered into First Lien Credit Agreement with Citibank, N.A., administrative agent and collateral agent (effective 2024-03-12).","evidence_excerpt":"the New Borrower entered into a First Lien Credit Agreement, dated March 12, 2024 (the “ New Credit Agreement ”), among Rackspace Finance Holdings, LLC (“ New Holdings ”), the New Borrower, the lenders and issuing banks party thereto and Citibank, N.A., as administrative agent and collateral agent","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1810019/000181001924000029/0001810019-24-000029-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Citibank, N.A., administrative agent and collateral agent"},{"label":"Effective","value":"2024-03-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}