Rackspace Technology Enters New Credit Agreement
Ticker: RXT · Form: 8-K · Filed: Mar 26, 2024 · CIK: 1810019
| Field | Detail |
|---|---|
| Company | Rackspace Technology, Inc. (RXT) |
| Form Type | 8-K |
| Filed Date | Mar 26, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $1,312.0 million, $530 million, $375 million, $2,181.2 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, credit-agreement, financing
Related Tickers: RXT
TL;DR
Rackspace just took on a new debt obligation, filing an 8-K on 3/26/24.
AI Summary
On March 26, 2024, Rackspace Technology, Inc. filed an 8-K to report the creation of a direct financial obligation. The filing indicates the company entered into a new credit agreement, which is a significant financial commitment. Specific details regarding the terms and amount of this obligation are expected to be further elaborated in subsequent filings or exhibits.
Why It Matters
This filing signals a new financial obligation for Rackspace Technology, which could impact its debt structure and future financial flexibility.
Risk Assessment
Risk Level: medium — Entering into new financial obligations can introduce financial risk, especially if the terms are unfavorable or if the company's ability to service the debt is uncertain.
Key Players & Entities
- Rackspace Technology, Inc. (company) — Registrant
- March 26, 2024 (date) — Date of Report
FAQ
What is the nature of the direct financial obligation reported by Rackspace Technology, Inc.?
Rackspace Technology, Inc. reported the creation of a direct financial obligation, indicating the company has entered into a new credit agreement.
When was this obligation reported to the SEC?
The obligation was reported on March 26, 2024.
What is Rackspace Technology, Inc.'s principal executive office address?
Rackspace Technology, Inc.'s principal executive office is located at 19122 US Highway 281N, Suite 128, San Antonio, Texas 78258.
What is Rackspace Technology, Inc.'s telephone number?
Rackspace Technology, Inc.'s telephone number is 1-800-961-4454.
What is the Commission File Number for Rackspace Technology, Inc.?
The Commission File Number for Rackspace Technology, Inc. is 001-39420.
Filing Stats: 682 words · 3 min read · ~2 pages · Grade level 12.4 · Accepted 2024-03-26 08:11:19
Key Financial Figures
- $0.01 — ch registered Common stock, par value $0.01 per share RXT The Nasdaq Stock Market L
- $1,312.0 million — e Private Exchange, among other things, $1,312.0 million aggregate principal amount of new first
- $530 million — ge, pursuant to which (i) approximately $530 million aggregate principal amount of remaining
- $375 million — for cancellation and (ii) approximately $375 million aggregate principal amount of New FLSO
- $2,181.2 million — Exchange, over 97% of the approximately $2,181.2 million aggregate principal amount of Existing
Filing Documents
- rxt-20240326.htm (8-K) — 26KB
- 0001810019-24-000055.txt ( ) — 150KB
- rxt-20240326.xsd (EX-101.SCH) — 2KB
- rxt-20240326_lab.xml (EX-101.LAB) — 22KB
- rxt-20240326_pre.xml (EX-101.PRE) — 13KB
- rxt-20240326_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. RACKSPACE TECHNOLOGY, INC. Date: March 26, 2024 By: /s/ Sarah Alexander Sarah Alexander Vice President, Deputy General Counsel & Assistant Secretary -3-