Kyndryl Holdings, Inc. (KD) Form 424B5 — Sep 24, 2026
Kyndryl Holdings filed a preliminary prospectus supplement (424B5) for a two-tranche offering of senior unsecured notes, with pricing, principal amounts, and maturities still blank pending completion. Proceeds are intended to repay at maturity the $700 million 2.05% senior notes due October 2026, with any remainder going toward repaying the $1 billion outstanding under its revolving credit facility. Certain underwriters are lenders under the revolver and holders of the 2026 Notes, triggering a FINRA Rule 5121 conflict-of-interest disclosure.
Key figures
- Existing total debt
- $4,070 million as of June 30, 2026
- Cash and equivalents
- $2,104 million as of June 30, 2026
- Revolver availability
- $2.15 billion
- Notes being refinanced
- $700 million 2.05% senior notes due October 2026
- Existing notes principal
- $2,900 million
- Revolver outstanding balance
- $1 billion at 5.232%
AI analysis
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