Kyndryl Holdings, Inc. announced the completion of an offering of $500 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.
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- Kyndryl Holdings, Inc. Completes $500 Million Offering of Senior Notes