CyrusOne Secures $600M for Data Center Expansion

CyrusOne closed a new $450 million senior unsecured revolving credit facility and a $150 million senior unsecured term loan. The revolving credit facility replaces the company’s $225 million secured credit facility which previously bore interest at a rate of LIBOR + 3.25%. The new revolving credit facility will initially bear interest at a rate of LIBOR + 1.70%.

CyrusOne specializes in highly reliable enterprise data center services and colocation solutions. The company operates 25 carrier-neutral data center facilities across the United States, Europe, and Asia.

http://www.cyrusone.com/

• This year, CyrusOne has announced major data center project or expansions in Houston, San Antonio, Phoenix and Dulles (Virginia). When completed, CyrusOne’s new Houston West III facility is going to have 640,000 square feet of infrastructure, class A office and raised white floor space. The San Antonio II shell is set to accommodate nearly 570,000 square feet of infrastructure, class A office and raised white floor space when complete.

• CyrusOne has also opened a National Internet Exchange (IX) that leverages low-cost connectivity to virtually link more than a dozen of its massively scaled enterprise facilities and third-party locations in multiple metropolitan markets.