Rackspace Technology Inc, founded in 1998 and headquartered in San Antonio, Texas, is a leading managed cloud services provider dedicated to helping businesses navigate the complexities of cloud technology. The company offers a wide range of services including multi-cloud solutions, cloud management, and support for platforms such as AWS, Google Cloud, and Microsoft Azure.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| RAX 5.38% 2028-12-01 USDRackspace Technology Inc | United States | 2028-12-01 | 5.375 | 56.63 |
| RAX 5.38% 2028-12-01 USDRackspace Technology Inc | United States | 2028-12-01 | 5.375 | 57.07 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Rackspace began issuing bonds in 2020 to finance strategic acquisitions and improve its capital structure. Notably, in 2021, the company issued $400 million in senior secured notes, which provided additional liquidity and bolstered its growth strategies. As of now, its bond yields remain competitive compared to industry averages, reflecting strong creditworthiness and investor confidence, particularly following its recent transition to a publicly traded company.