CyrusOne Inc. Prices Public Offering of Senior Notes
September 15 2020 - 4:03PM
Business Wire
CyrusOne Inc. (NASDAQ: CONE) (the “Company”) today announced the
pricing of the previously announced public offering of $400 million
aggregate principal amount of 2.150% senior notes due 2030 (the
“Notes”) by its wholly-owned subsidiaries, CyrusOne LP (the
“Operating Partnership”) and CyrusOne Finance Corp. (together with
the Operating Partnership, the “Issuers”), at 98.795% of their face
value. The Notes will mature on November 1, 2030, 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 September 21, 2020.
J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and
Truist Securities, Inc. are acting as lead joint book-running
managers for the offering. The Issuers intend to use the net
proceeds from this offering to repay $300 million of the
outstanding indebtedness under the Operating Partnership’s senior
unsecured term loans due 2023 and the remainder for general
corporate purposes, including the repayment of the borrowings
outstanding under the Operating Partnership’s revolving credit
facility from time to time.
This news release does not constitute 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: J.P. Morgan Securities LLC, 383
Madison Avenue, New York, NY 10179, Attn: Investment Grade
Syndicate Desk, Telephone (collect): 1-212-834-4533; Deutsche Bank
Securities Inc., 60 Wall Street, New York, New York 10005, Attn:
Debt Capital Markets Syndicate, Telephone: (800) 503-4611; or
Truist Securities, Inc., 3333 Peachtree Road NE. 11th Floor,
Atlanta, GA 30326, Attn: Investment Grade Debt Capital Markets,
Telephone: (800) 685-4786.
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 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
approximately 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 more than 50 data centers worldwide.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200915006242/en/
Investor Relations Michael Schafer Vice President,
Capital Markets & Investor Relations 972-350-0060
investorrelations@cyrusone.com
CyrusOne (NASDAQ:CONE)
Historical Stock Chart
From Mar 2024 to Apr 2024
CyrusOne (NASDAQ:CONE)
Historical Stock Chart
From Apr 2023 to Apr 2024