CyrusOne Secures $9.7 Billion in New Debt Capital to Fund Datacenter Growth
08 Julio 2024 - 3:30PM
Business Wire
CyrusOne, a leading global data center owner, developer
and operator specializing in delivering state-of-the-art digital
infrastructure solutions, today announced the closing of a $7.9
billion Warehouse Credit Facility. The executed transaction is
incremental to the $1.8 billion Revolving Credit Facility financing
completed in May, leading to approximately $9.7 billion of
additional debt capital raised with broad-based support from
lenders.
“The successful closing of this significant financing, combined
with our strong business outlook for growth, expands our ability to
deliver world-class digital infrastructure projects that meet the
growing needs of our customers while positioning CyrusOne for
future investment and development opportunities,” said Eric
Schwartz, Chief Executive Officer at CyrusOne. “We are extremely
grateful to our financial partners for their continued support of
CyrusOne.”
"We are pleased to announce the completion of the Warehouse
Credit Facility and the Revolving Credit Facility, both of which
will provide CyrusOne with attractively priced capital and enhanced
liquidity," said Fran Federman, CyrusOne's Chief Investment
Officer. "Our ability to raise these debt facilities and the
tremendous interest that we have received from the lender community
are a testament to the strength of our business and the market’s
confidence in our ability to continue to build on the significant
momentum we have achieved thus far.”
The Warehouse Credit Facility will primarily fund existing and
future development projects in the United States, while the global
Revolving Credit Facility will be used for working capital and for
general corporate purposes. Both facilities are
sustainability-linked and align with sustainability-linked loan
principles. Accordingly, the pricing on the debt facilities will be
adjusted based on our achieving target reductions in Greenhouse Gas
Emissions.
In the past year, CyrusOne has taken steps to further meet
customer demand for AI while enhancing the company’s sustainability
goals. In 2023, CyrusOne launched Intelliscale, a state-of-the-art
AI workload-specific data center solution developed to address the
rapidly growing needs of AI applications and services. CyrusOne
also maintains a strong commitment to sustainability, and last year
announced its plan to accelerate its net-zero carbon pledge by a
decade to 2030.
Morgan Stanley, TD Securities and KKR Capital Markets served as
lead arrangers for the Warehouse Credit Facility, while Wells Fargo
served as lead arranger for the Revolving Credit Facility. Global
Infrastructure Partners also worked closely with the company in
connection with these transactions.
About CyrusOne
CyrusOne is a leading global data center owner, 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 in key
digital gateway markets. 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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Martha Cook/Chelsi Smith
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