CyrusOne Closes $1.175 Billion ABS Issuance
15 Mayo 2024 - 4:30PM
Business Wire
CyrusOne’s second ABS offering in 2024 and the
largest data center ABS transaction this year.
CyrusOne, a leading global data center developer and operator
specializing in delivering state-of-the-art digital infrastructure
solutions, closed its $1.175 billion asset-backed securities
(“ABS”) offering. The issuance is structured with five- and
seven-year tranches, and the notes are classified as Secured Green
Collateral Bonds. This transaction represents the largest data
center ABS issuance since 2021.
Eric Schwartz, Chief Executive Officer at CyrusOne, remarked,
“The market’s response to our offering is a testament to CyrusOne’s
exceptional track record and the recognition of the critical role
we play in our customer’s expanding data and artificial
intelligence needs. The significant interest from institutional
investors provides us with an additional capital source to support
our future growth in developing and operating data centers for
hyperscale customers.”
This is the fourth issuance CyrusOne has completed since
launching its securitization program in May 2023. To date,
CyrusOne’s ABS program has raised a total of $2.6 billion, which
encompasses 11 assets across Northern Virginia and San Antonio.
Fran Federman, Executive Vice President & Chief Investment
Officer at CyrusOne, added, “The strong demand for our five-year
and seven-year maturities demonstrates the market’s confidence in
our growth trajectory within the data center and services sector.
We are committed to leveraging the success of our offerings to
increase our market share and enhance the solutions we provide to
our customers.”
About CyrusOne:
CyrusOne is a leading global data center developer and operator,
delivering sophisticated digital infrastructure solutions
worldwide. Headquartered in Dallas, Texas, the company operates
over 55 data centers across the United States and Europe.
Specializing in comprehensive solutions for hyperscale and Fortune
1000 companies, CyrusOne enables customers to align with their
unique business and sustainability goals, catering to the complex
needs of AI-driven applications and services workloads. CyrusOne’s
data centers offer unparalleled flexibility, enabling customers to
modernize, simplify, and rapidly respond to changing demands.
CyrusOne delivers tailored build-to-suit, colocation, and
interconnection solutions that meet the evolving digital needs of
its customers. For more information, please visit cyrusone.com.
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Media Contact: Chelsi Smith csmith@piercom.com