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Apollo-Backed Rackspace Loan Jumps on AMD Data Center Deal

Bloomberg Tech · Jun 16, 2026, 4:13 PM · Also reported by 2 other sources

Rackspace Technology Inc., a cloud-computing services company backed by Apollo Global Management Inc., saw its $1.6 billion loan jump after it signed a data center deal with Advanced Micro Devices Inc., extending a rally in debt that had traded at deeply distressed levels just two months ago.

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Apollo-Backed Rackspace Loan Jumps on AMD Data Center Deal

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