Rackspace Technology (RXT) has issued an announcement.
Rackspace Technology, Inc. has successfully completed a strategic private debt exchange, reducing its overall debt by $375 million and extending the maturity of nearly $1.6 billion in debt to May 2028. This move involved exchanging existing notes and loans for new secured notes and term loans, as well as repurchasing and cancelling additional notes. The company anticipates further strengthening its financial position through upcoming public exchange offers, aiming to streamline its capital structure and enhance shareholder value.
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