Rackspace Technology Global Inc, founded in 1998 and headquartered in San Antonio, Texas, is a leading provider of cloud computing services and managed hosting solutions aimed at optimizing digital transformation for businesses. The company specializes in multi-cloud solutions, application services, and managed security, supporting a diverse portfolio of clients with their complex infrastructure needs.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| RAX 3.50% 2028-02-15 USDRackspace Technology Global Inc | United States | 2028-02-15 | 3.500 | 91.87 |
| RAX 3.50% 2028-02-15 USDRackspace Technology Global Inc | United States | 2028-02-15 | 3.500 | 91.87 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Rackspace began issuing bonds in 2014 to raise capital for expansion and infrastructure improvements. Notable issuances include a $450 million bond in 2019, which was used to refinance existing debt and fund new projects. Currently, the company’s bonds yield approximately 5.5%, which is competitive within the cloud services sector, reflecting solid demand and investor confidence. Recent news highlights Rackspace's ongoing commitment to sustainable investment practices, positioning its bonds attractively for socially conscious investors.