CyrusOne Inc. Prices Public Offering of Senior Notes
November 20 2019 - 5:29PM
Business Wire
CyrusOne Inc. (NASDAQ: CONE) (the “Company”) today announced the
pricing of the previously announced public offering of $600 million
aggregate principal amount of 2.900% senior notes due 2024 and $600
million aggregate principal amount of 3.450% senior notes due 2029
(together, the “Notes”) by its wholly-owned subsidiaries, CyrusOne
LP and CyrusOne Finance Corp. (together, the “Issuers”), at 99.859%
and 99.709% of their face value, respectively. The 2024 Notes will
mature on November 15, 2024, and the 2029 Notes will mature on
November 15, 2029, in each case unless earlier redeemed or
repurchased. The Notes will be guaranteed by the Company. The
offering is expected to close, subject to certain customary closing
conditions, on December 5, 2019.
Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and
Morgan Stanley & Co. LLC are acting as lead joint book-running
managers for the offering.
The Issuers intend to use the net proceeds from this offering
(i) to finance their repurchase of any and all of their outstanding
5.000% Senior Notes due 2024 and 5.375% Senior Notes due 2027
(together, the “Existing Notes”), of which $700,000,000 and
$500,000,000 respectively in aggregate principal amounts are
currently outstanding, by means of tender offers commenced in
connection with this offering (each, a “Tender Offer”), including
the payment of consent payments in connection with soliciting
consent to certain proposed amendments to the respective indentures
governing each series of Existing Notes (the “Consent
Solicitations”), (ii) for the redemption and discharge of any
Existing Notes that remain outstanding after the completion of the
Tender Offers and Consent Solicitations, (iii) for the payment of
related premiums, fees, discounts and expenses and (iv) for general
corporate purposes.
This news release does not constitute notice of redemption under
the optional redemption provisions of the indentures governing the
Existing Notes nor an offer to sell, or the solicitation of an
offer to buy, any securities, nor shall there be any sale of
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
The offering is being made under an automatic shelf registration
statement on Form S-3 filed by the Company with the Securities and
Exchange Commission (the “SEC”) and only by means of a prospectus
supplement and accompanying prospectus. An investor may obtain free
copies of the prospectus supplement and accompanying prospectus
related to the offering by visiting EDGAR on the SEC website,
www.sec.gov, or by contacting: Goldman Sachs & Co. LLC, 200
West Street, New York, NY 10282, Attn: Prospectus Department,
Telephone: 1-866-471-2526; J.P. Morgan Securities LLC, 383 Madison
Avenue, New York, NY 10179, Attn: Investment Grade Syndicate Desk,
Telephone (collect): 1-212-834-4533; or Morgan Stanley & Co.
LLC, 180 Varick Street, New York, NY 10014, Attn: Prospectus
Department, Telephone: 1-866-718-1649.
Safe Harbor Note
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
The Company intends such forward-looking statements to be covered
by the safe harbor provisions for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995
and includes this statement for purposes of complying with these
safe harbor provisions. All statements, other than statements of
historical facts, are statements that could be deemed
forward-looking statements. These statements are based on current
expectations, estimates, forecasts, and projections about the
industries in which the Company operates and the beliefs and
assumptions of the Company’s management. Words such as “expects,”
“anticipates,” “predicts,” “projects,” “intends,” “plans,”
“believes,” “seeks,” “estimates,” “continues,” “endeavors,”
“strives,” “may,” variations of such words and similar expressions
are intended to identify such forward-looking statements. In
addition, any statements that refer to projections of the Company’s
future financial performance, the Company’s anticipated growth and
trends in the Company’s businesses, and other characterizations of
future events or circumstances are forward-looking statements.
Readers are cautioned these forward-looking statements are based on
current expectations and assumptions that are subject to risks and
uncertainties, which could cause the Company’s actual results to
differ materially and adversely from those reflected in the
forward-looking statements. Factors that could cause or contribute
to such differences include, but are not limited to, those
discussed in this release and those discussed in other documents
the Company files with the SEC. More information on potential risks
and uncertainties is available in the Company’s recent filings with
the SEC, including the Company’s Form 10-K report, Form 10-Q
reports, and Form 8-K reports. The Company disclaims any obligation
other than as required by law to publicly update or revise any
forward-looking statement to reflect changes in underlying
assumptions or factors or for new information, data or methods,
future events or other changes.
About CyrusOne
CyrusOne (NASDAQ: CONE) is a high-growth real estate investment
trust (REIT) specializing in highly reliable enterprise-class,
carrier-neutral data center properties. CyrusOne provides
mission-critical data center facilities that protect and ensure the
continued operation of IT infrastructure for approximately 1,000
customers, including more than 200 Fortune 1000 companies.
With a track record of meeting and surpassing the aggressive
speed-to-market demands of hyperscale cloud providers, as well as
the expanding IT infrastructure requirements of the enterprise,
CyrusOne provides the flexibility, reliability, security, and
connectivity that foster business growth. CyrusOne offers a
tailored, customer service-focused platform and is committed to
full transparency in communication, management, and service
delivery throughout its nearly 50 data centers worldwide.
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version on businesswire.com: https://www.businesswire.com/news/home/20191120005993/en/
Investor Relations Michael Schafer Vice President,
Capital Markets & Investor Relations 972-350-0060
investorrelations@cyrusone.com
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