{"schema_version":"secwatch.filing_event.v1","accession":"0001810019-24-000055","form_type":"8-K","ticker":"RXT","cik":"0001810019","company_name":"Rackspace Technology, Inc.","filed_at":"2024-03-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.621070+00:00","generated_at":"2026-06-04T07:58:31.246519+00:00","sec_items":["2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Rackspace completes public term loan exchange; over 97% of existing debt refinanced","bullets":["On March 26, 2024, closed Public Term Loan Exchange: ~$530M Existing Term Loans exchanged/cancelled, ~$375M New FLSO Term Loans issued.","Combined with March 12 Private Exchange ($1.312B), over 97% of ~$2.1812B outstanding Existing Term Loans were exchanged or cancelled.","New FLSO Term Loans are under a new First Lien Credit Agreement with Citibank, N.A. as administrative agent.","New Borrower is Rackspace Finance, LLC, a new subsidiary of the Company."],"urls":{"canonical":"https://secwatch.observer/filing/0001810019-24-000055","json":"https://secwatch.observer/filing/0001810019-24-000055.json","markdown":"https://secwatch.observer/filing/0001810019-24-000055.md","text":"https://secwatch.observer/filing/0001810019-24-000055.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1810019/000181001924000055/0001810019-24-000055-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1810019/000181001924000055/rxt-20240326.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T07:58:31.246519+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":"8ce2b2ebaf3fc570b759b6bfef2d3958650cb793","claim":"Rackspace Technology, Inc. incurred term loan of approximately $375 million aggregate principal amount with Citibank, N.A..","evidence_excerpt":"On March 26, 2024, the Company closed the Public Term Loan Exchange, pursuant to which (i) approximately $530 million aggregate principal amount of remaining Existing Term Loans were exchanged or purchased for cancellation and (ii) approximately $375 million aggregate principal amount of New FLSO Term Loans were issued by the New Borrower under the New Credit Agreement.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1810019/000181001924000055/0001810019-24-000055-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"approximately $375 million aggregate principal amount"},{"label":"Counterparty","value":"Citibank, N.A."},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}