Rackspace launches debt exchange for up to $592.3M term loans, $418.8M new debt

Rackspace Technology, Inc.

Public Term Loan Exchange: up to $592.3M Existing Term Loans exchanged for $418.8M new first lien second out term loans.
Also launches Public Note Exchange: Existing 3.50% Senior Secured Notes due 2028 for new FLSO notes on similar terms.
Exchange open to all existing term lenders; completion subject to customary closing conditions.
No recommendation made by company; offer documents only available to eligible holders.

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