Rackspace Technology Inc.’s $1.6 billion loan jumped after the cloud-computing services company signed a data center deal with Advanced Micro Devices Inc. According to Bloomberg, the move extended a rally in Rackspace’s debt, which had traded at deeply distressed levels just two months ago.
Rackspace is backed by Apollo Global Management Inc.
Rackspace $1.6 Billion Loan Jumps After AMD Data Center Deal
2026-06-16 16:28:40
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