Fri 03/17/2023 18:03 PM
A group of first lien lenders to Rackspace Technology Inc. organized with Gibson Dunn as legal advisor and Centerview Partners as financial advisor, as creditors prepare for a possible debt restructuring or liability management exercise at the cloud computing company, according to sources.
According to a Reorg Americas
covenant analysis in December 2022,
Rackspace’s debt documents provide it with significant flexibility to execute a drop-down financing. First, the company’s debt documents...
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