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.
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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