CyrusOne Secures $150 Million Credit Facility for Expansion
HOUSTON – November 30, 2009 – CyrusOne, the leading Texas enterprise data center colocation provider announced, today that it has secured a new $150 million Senior Secured Credit Facility from a syndicate of banks led by TD Securities, RBC Capital Markets, SunTrust Robinson Humphrey and SG Americas Securities, to accelerate its growth in Texas, the company’s core market. The facility refinanced the company’s outstanding debt as well as substantially increased its available borrowing capacity.
“Our decision to seek expansion funding was a result of a solid pipeline of customer requirements in Houston, Dallas and Austin,” said David Ferdman, President and CEO, CyrusOne. “With this new credit facility and a significant incremental equity commitment from ABRY Partners, we not only have significant resources to support and accelerate our growth to meet these requirements; but this also dramatically lowers our cost of capital.”
CyrusOne is a leader in high-availability, high-density data center services, offering colocation and implementation services for companies in a wide range of industries, such as Schlumberger, Dynegy, Repsol, YPF and Christus Health. With 480,000 square feet of data center space in Texas, CyrusOne is the leading provider in the state. CyrusOne is sponsored by ABRY Partners, a Boston-based media, communications, business and information services focused private equity investment firm that has made over $21 billion of investments in over 450 properties. For more information, visit www.cyrusone.com.