Kyndryl Completes $500 Million Offering of Senior Notes, Its First Debt Issuance as an Independent Company

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 $500 million of 6.350% Senior Notes due 2034.The Company intends to use the proceeds from this offering to immediately repay the Company's outstanding$ 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. Kyn ...