Financing ·
Kyndryl sells $1 billion of senior unsecured notes due 2029 and 2032 to repay maturing debt
KDKyndryl Holdings, Inc.
On September 24, 2026, Kyndryl Holdings, Inc. entered into an underwriting agreement to sell $1 billion in aggregate principal amount of senior unsecured notes, comprising $600 million of 7.800% Senior Notes due 2029 and $400 million of 7.875% Senior Notes due 2032. The company intends to use the net proceeds primarily to repay the $700 million outstanding aggregate principal amount of its 2.05% senior notes maturing in October 2026, with any remaining funds used to repay its revolving credit agreement and cover related expenses. Kyndryl Holdings, Inc. operates in the information technology services industry, providing infrastructure management and digital transformation solutions.