Firm News

Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com

Cahill Represents Debt Financing Sources for Rackspace Technology Global, Inc.

Date: 02/09/21

Cahill represented the initial purchasers in connection with a Rule 144A offering of $550,000,000 aggregate principal amount of 3.50% first-priority senior secured notes by Rackspace Technology Global, Inc. (“Rackspace”), a leading end-to-end multicloud technology services company. Cahill also represented the lead arrangers in connection with an amendment to, among other aspects, extend the maturity of the $2,300,000,000 term B credit facility and an amendment to the $375,000,000 revolving credit facility for Rackspace. Proceeds from the debt financings were used to refinance existing indebtedness for general corporate purposes.