Friday, October 10, 2014

CyrusOne Gets $450M In Credit Facility

Dallas-based data center operator CyrusOne said late Thursday that it has scored some new funding, in a combined $450M in a senior unsecured revolving credit facility, and a $150M senior unsecured term loan. According to the company, the new financing replaces an existing, $225M secured credit facility. The new facility is at LIBOR + 1.70%, an improvement over the prior facility at LIBOR + 3.25%. The funds were arranged by KeyBank National Association, J.P. Morgan Chase Bank, N.A., KeyBanc Capital Markets Inc., J.P. Morgan Securities LLC, Barclays, RBC Capital Markets, and TD Securities (USA) LLC.