CyrusOne’s Houston West III data center, one of four acquired by Dallas-based DataBank in January 2022. [Photo: CyrusOne]
CyrusOne, a Dallas-based owner, developer and operator of global data centers specializing in providing cutting-edge digital infrastructure solutions, has closed a $7.9 billion warehouse credit facility. The transaction is in addition to a $1.8 billion revolving credit facility financing closed in May, raising approximately $9.7 billion in additional debt capital with broad support from lenders, the company said.
Eric Schwartz
“The success of this significant fundraising and our strong growth prospects expand our capabilities to deliver world-class digital infrastructure projects that meet the growing needs of our clients and position CyrusOne for future investment and development opportunities,” CyrusOne CEO Eric Schwartz said in a statement. “We are deeply grateful to our financial partners for their continued support of CyrusOne.”
Fran Federman, chief investment officer at CyrusOne, said the company “is a“We are pleased to announce the closing of our Warehouse Credit Facility and Revolving Credit Facility. These two credit facilities provide CyrusOne with attractively priced capital and increased liquidity. Our ability to raise these debt facilities and the significant interest we have received from the lender community is a testament to the market’s confidence in the strength of our business and our ability to continue to build on the great momentum we have achieved to date.”
The company said the warehouse credit facility will fund existing and future development projects primarily in the United States, while the global revolving credit facility will be used for working capital and general corporate purposes.
Sustainability as a goal
CyrusOne said both loans are sustainability-related and aligned with its sustainability-related lending principles. The company said the prices of the loans will be adjusted based on the achievement of targeted reductions in greenhouse gas emissions.
Over the past year, CyrusOne said it has taken steps to better meet customer demand for AI while strengthening the company’s sustainability goals.
In 2023, CyrusOne launched Intelliscale, a cutting-edge data center solution purpose-built for AI workloads, developed to address the rapidly growing needs of AI applications and services. CyrusOne also maintains a strong commitment to sustainability, announcing plans last year to advance its net-zero carbon pledge by 10 years to 2030.
The company operates more than 55 data centers across the United States and Europe in key digital gateway markets.
Get on the list.
Dallas continues to innovate every day.
Sign up for your daily dose of what’s new and happening in Dallas-Fort Worth.
Read next
-
“Built by lenders for lenders,” industry veterans at Gestalt Tech aim to provide lenders with “out-of-the-box” data solutions built to provide information and insights that can help inform decision-making.
-
Dallas-based Yend, which created the first-ever auto-secured credit card, said it would use the funds specifically to expand lending on its platform and make loans affordable to more Americans.
-
CyrusOne aims to leverage Intelliscale to maximize AI performance in a minimal footprint of just 25% of a standard data center to accommodate the “exponential growth” of artificial intelligence workloads.
-
CyrusOne, a Dallas-based global data center developer and operator specializing in delivering cutting-edge digital infrastructure solutions, has announced leadership appointments at the company. Owen Morris has been announced as the new Chief Financial Officer, effective March 11. Jay Elmes has been appointed Senior Vice President of Global Sales. Morris will be responsible for leading CyrusOne’s global finance organization, including accounting, financial reporting, risk management, treasury and strategic planning. “I am excited about the opportunity to join CyrusOne and play a meaningful role as part of the senior management team,” Morris said in a statement. “…
-
Kimberly Lang has joined Frisco-based Informative as chief operating officer, bringing decades of experience driving technology in SaaS companies. Informative provides credit-focused lead generation, credit reporting and compliance solutions for auto dealerships, lending companies and other end markets. Lang takes over the role previously held by Darin Larsen, one of the company’s founders, who has taken on a new strategic role as managing partner of credit services. “Kimberly’s extensive operational experience and long track record of driving transformation in the SaaS market make her the perfect choice to support Informative’s growth initiatives,” said CEO David Kerner….
