Kyndryl Completes $500 Million Offering of Senior Notes, Its First Debt Issuance as an Independent Company
KDKyndryl (KD) Prnewswire·2024-02-20 22:44

NEW YORK, Feb. 20, 2024 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, today announced the completion of an offering of 500millionof6.350500 million of 6.350% Senior Notes due 2034. The Company intends to use the proceeds from this offering to immediately repay the Company's outstanding 500 million term loan, which was scheduled to mature in November 2024. The interest rate on the new ten- year debt is lower than the current interest rate on the term loan. Kyndr ...