CyrusOne Secures $9.7 Billion in New Debt Capital to Fuel Datacenter Growth
CyrusOne, a prominent global data center owner and operator, has successfully secured a significant amount of funding to support its expansion plans. The company recently closed a $7.9 billion Warehouse Credit Facility, in addition to completing a $1.8 billion Revolving Credit Facility transaction in May. This brought the total debt capital raised to approximately $9.7 billion, with strong support from lenders.
Eric Schwartz, CEO of CyrusOne, expressed his gratitude to the financial partners for their continuous support. He highlighted that this financing, combined with the company’s optimistic growth outlook, would enhance their ability to deliver cutting-edge digital infrastructure projects to meet customer demands and pave the way for future investments and developments.
Fran Federman, CyrusOne’s Chief Investment Officer, emphasized the attractively priced capital and enhanced liquidity provided by the Warehouse Credit Facility and the Revolving Credit Facility. He noted that the overwhelming interest from the lender community underscored the strength of CyrusOne’s business and the market’s confidence in its growth prospects.
The funds from the Warehouse Credit Facility will primarily be used to finance existing and future development projects in the United States, while the global Revolving Credit Facility will support working capital and general corporate purposes. Both facilities are sustainability-linked, with pricing adjustments tied to the company’s progress in reducing Greenhouse Gas Emissions.
In response to increasing demand for AI solutions and a commitment to sustainability, CyrusOne recently launched Intelliscale, an AI workload-specific data center solution. The company is also accelerating its net-zero carbon pledge to 2030, a decade ahead of schedule.
Key financial institutions, including Morgan Stanley, TD Securities, KKR Capital Markets, and Wells Fargo, played critical roles in arranging the credit facilities. Global Infrastructure Partners collaborated closely with CyrusOne on these transactions.
CyrusOne, headquartered in Dallas, operates over 55 data centers in the United States and Europe, catering to hyperscale and Fortune 1000 companies. The company offers tailored solutions for AI-driven applications and services, providing flexibility and scalability to meet evolving digital needs.
For more information about CyrusOne and its digital infrastructure solutions, visit cyrusone.com.
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Contact:
Martha Cook/Chelsi Smith
mcook@piercom.com/csmith@piercom.com
Keyword: data management, AI, sustainability, digital infrastructure, debt capital
(Source: Business Wire)
