Rackspace Finance LLC, founded in 2008 and headquartered in San Antonio, Texas, serves as a crucial financial subsidiary of Rackspace Technology, aimed at supporting various corporate financial needs. The company primarily offers capital markets solutions, including debt issuance and financial advisory services tailored for technology-driven enterprises.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Rackspace Finance has made notable strides in bond issuances, starting with its debut bond offering in 2016, which raised $400 million to refinance existing debt. In 2021, the company issued an additional $300 million in green bonds, reflecting its commitment to sustainable practices, with current yields around 4.5%, competitive within the tech sector. Recent news highlights a planned bond issuance aimed at funding expansion initiatives within their cloud services division, further establishing Rackspace Finance's position in the corporate bond market.