{"schema_version":"secwatch.filing_event.v1","accession":"0001810019-24-000064","form_type":"8-K","ticker":"RXT","cik":"0001810019","company_name":"Rackspace Technology, Inc.","filed_at":"2024-04-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.250723+00:00","generated_at":"2026-06-04T03:44:00.221115+00:00","sec_items":["2.02","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Rackspace closes early exchange of $133.3M notes; over 90% of existing secured notes now exchanged","bullets":["Private exchange ($331.4M) and public early settlement ($133.3M) result in over 90% of $513.7M existing 3.50% notes exchanged or cancelled.","New secured notes issued: $267.3M (private) and $93.3M (public) due 2028 under new subsidiary Rackspace Finance, LLC.","Company reaffirms Q1 2024 guidance previously issued March 12, 2024, with no change.","Exchange reduces outstanding existing secured notes from $513.7M to less than ~10% remaining."],"urls":{"canonical":"https://secwatch.observer/filing/0001810019-24-000064","json":"https://secwatch.observer/filing/0001810019-24-000064.json","markdown":"https://secwatch.observer/filing/0001810019-24-000064.md","text":"https://secwatch.observer/filing/0001810019-24-000064.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1810019/000181001924000064/0001810019-24-000064-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1810019/000181001924000064/rxt-20240402.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T03:44:00.221115+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":"db6b9fd59a54d25eb53ac9c346543e03aa268aa5","claim":"Rackspace Technology, Inc. incurred senior notes of approximately $93.3 million aggregate principal amount of New Secured Notes with holders of Existing Secured Notes maturing due 2028.","evidence_excerpt":"On April 2, 2024, the Company closed the early settlement of the Public Notes Exchange, pursuant to which (i) approximately $133.3 million aggregate principal amount of Existing Secured Notes were exchanged or purchased for cancellation and (ii) approximately $93.3 million aggregate principal amount of New Secured Notes were issued by the New Borrower under the New Secured Notes Indenture.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1810019/000181001924000064/0001810019-24-000064-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"approximately $93.3 million aggregate principal amount of New Secured Notes"},{"label":"Counterparty","value":"holders of Existing Secured Notes"},{"label":"Maturity","value":"due 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"af038da7bba0dd32f6c9539e12c47565f2de9661","claim":"Rackspace Technology, Inc. updated its the fiscal quarter and year ended December 31, 2023 guidance (reaffirmed).","evidence_excerpt":"On April 2, 2024, the Company reaffirmed the financial guidance provided by the Company in the previous press release dated March 12, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1810019/000181001924000064/0001810019-24-000064-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter and year ended December 31, 2023"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}