CyrusOne secured a $687.1 million Single Asset Single Borrower (SASB) CMBS loan for its DFW1 data center. This marks the company’s first CMBS issuance and contributes to the nearly $12 billion CyrusOne has raised this year. The DFW1 data center, located in the Dallas-Fort Worth area, is a key component of CyrusOne’s extensive portfolio of state-of-the-art digital infrastructure solutions.
Eric Schwartz, Chief Executive Officer at CyrusOne, remarked, “Today’s announcement is another example of our ability to access large amounts of capital and tap different markets through institutional demand. This transaction comes on the heels of our $1.175 billion ABS issuance and CyrusOne securing $9.7 billion in new debt capital to fund data center growth.”
Morgan Stanley served as Lead Manager and Bookrunner, and Wells Fargo Securities, LLC, Goldman Sachs & Co. LLC and KKR Capital Markets served as Co-Lead Managers and Joint Bookrunners. Global Infrastructure Partners also worked closely with the company in connection with this transaction.
