false0001794905Delaware84-37430132333 Ponce de Leon BoulevardSuite 900Coral GablesFL3313400017949052024-01-192024-01-19
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________________________
FORM 8-K
__________________________________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 19, 2024
__________________________________
Cyxtera Technologies, Inc.
(Exact name of registrant as specified in its charter)
__________________________________
Delaware
(State or other jurisdiction
of incorporation)
001-39496


84-3743013
(IRS Employer
Identification No.)
2333 Ponce de Leon Boulevard Suite 900
Coral Gables, FL 33134
(Address of principal executive office)

(Commission
File Number)
33134
(Zip Code)
(305) 537-9500
Registrant’s telephone number, including area code
N/A
(Former name or former address, if changed since last report.)
________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
Class A common stock, par value $0.0001 per
share
CYXTQ
*

*Cyxtera Technologies, Inc. Class A common stock began trading exclusively on the over-the-counter market on June 15, 2023 under the symbol CYXTQ.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o





As previously disclosed, on June 4, 2023 (the “Petition Date”), Cyxtera Technologies, Inc. (the “Company”) and certain of its direct and indirect subsidiaries (collectively, the “Company Parties”) filed a voluntary petition for relief (the “Chapter 11 Cases”) under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey (the “Bankruptcy Court”). The Chapter 11 Cases are being jointly administered under the caption In re: Cyxtera Technologies, Inc., et al., Cases No. 23-14852 through 23-14853.

Item 7.01. Regulation FD Disclosure

On January 19, 2024, the Company filed with the Bankruptcy Court its monthly operating report for the period ended November 30, 2023 (the “Monthly Operating Report”). The Monthly Operating Report is attached hereto as Exhibit 99.1. This Current Report on Form 8-K (including the exhibits hereto) will not be deemed an admission as to the materiality of any information required to be disclosed solely by Regulation FD. The Monthly Operating Report, monthly operating reports filed on behalf of each of the other Company Parties, and other filings with the Bankruptcy Court related to the Chapter 11 Cases may be available electronically at http://www.kccllc.net/cyxtera.

The information contained in this Item 7.01 and in Exhibit 99.1 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.

Cautionary Statement Regarding the Monthly Operating Report

The Company cautions investors and potential investors not to place undue reliance upon the information contained in the Monthly Operating Report, which was not prepared for the purpose of providing the basis for an investment decision relating to any of the securities of the Company. The Monthly Operating Report is limited in scope, covers a limited time period and has been prepared solely for the purpose of complying with the monthly reporting requirements of the Bankruptcy Court. The Monthly Operating Report was not audited or reviewed by independent accountants, was not prepared in accordance with generally accepted accounting principles in the United States, is in a format prescribed by applicable bankruptcy laws or rules and is subject to future adjustment and reconciliation. There can be no assurance that, from the perspective of an investor or potential investor in the Company’s securities, the Monthly Operating Report is complete. The Monthly Operating Report also contains information for periods which are shorter or otherwise different from those required in the Company’s reports pursuant to the Exchange Act, and such information might not be indicative of the Company’s financial condition or operating results for the period that would be reflected in the Company’s financial statements or in its reports pursuant to the Exchange Act. Results set forth in the Monthly Operating Report should not be viewed as indicative of future results.


Item 9.01.    Financial Statement and Exhibits.
(d) Exhibits.



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Cyxtera Technologies, Inc.
Date: January 24, 2024By: /s/ Eugene I. Davis
Name:
Eugene I. Davis
Title:
Chairman and Chief Executive Officer of PIRINATE Consulting Group, LLC, Plan Administrator pursuant to the Fourth Amended Joint Chapter 11 Plan of Cyxtera Technologies, Inc. and Its Debtor Affiliates

UST Form 11-MOR (12/01/2021) 1 UNITED STATES BANKRUPTCY COURT DISTRICT OFNew Jersey New Jersey In Re. Cyxtera Technologies, Inc. Debtor(s) § § § § Case No. 23-14853 Lead Case No. 23-14853 Jointly Administered Monthly Operating Report Chapter 11 Reporting Period Ended: 12/31/2023 Petition Date: 06/04/2023 Months Pending: 7 Industry Classification: 5 1 8 2 Reporting Method: Accrual Basis Cash Basis Debtor's Full-Time Employees (current): 0 Debtor's Full-Time Employees (as of date of order for relief): 0 Supporting Documentation (check all that are attached): (For jointly administered debtors, any required schedules must be provided on a non-consolidated basis for each debtor) Statement of cash receipts and disbursements Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit Statement of operations (profit or loss statement) Accounts receivable aging Postpetition liabilities aging Statement of capital assets Schedule of payments to professionals Schedule of payments to insiders All bank statements and bank reconciliations for the reporting period Description of the assets sold or transferred and the terms of the sale or transfer Signature of Responsible Party Printed Name of Responsible Party Date Address /s/ Felice Yudkin 01/21/2024 Felice Yudkin Court Plaza North, 25 Main Street, Hackensack, NJ 07601 STATEMENT: This Periodic Report is associated with an open bankruptcy case; therefore, Paperwork Reduction Act exemption 5 C.F.R. § 1320.4(a)(2) applies. DocuSign Envelope ID: 77A45E5D-11B9-4C41-8574-77175E7D0548Case 23-14853-JKS Doc 863 Filed 01/19/24 Entered 01/19/24 15:39:11 Desc Main Document Page 1 of 12


 
UST Form 11-MOR (12/01/2021) 2 Debtor's Name Cyxtera Technologies, Inc. Case No. 23-14853 Part 1: Cash Receipts and Disbursements Current Month Cumulative a. Cash balance beginning of month $5,881 b. Total receipts (net of transfers between accounts) $0 $0 c. Total disbursements (net of transfers between accounts) $201 $1,405 d. Cash balance end of month (a+b-c) $5,680 e. Disbursements made by third party for the benefit of the estate $0 $0 f. Total disbursements for quarterly fee calculation (c+e) $201 $1,405 Part 2: Asset and Liability Status Current Month (Not generally applicable to Individual Debtors. See Instructions.) a. Accounts receivable (total net of allowance) $0 b. Accounts receivable over 90 days outstanding (net of allowance) $0 c. Inventory ( (attach explanation))Book Market Other $0 d Total current assets $1,530,454 e. Total assets $11,857,659 f. Postpetition payables (excluding taxes) $0 g. Postpetition payables past due (excluding taxes) $0 h. Postpetition taxes payable $0 i. Postpetition taxes past due $0 j. Total postpetition debt (f+h) $0 k. Prepetition secured debt $0 l. Prepetition priority debt $188,478 m. Prepetition unsecured debt $-103,255,523 n. Total liabilities (debt) (j+k+l+m) $-103,067,045 o. Ending equity/net worth (e-n) $114,924,704 Part 3: Assets Sold or Transferred Current Month Cumulative a. Total cash sales price for assets sold/transferred outside the ordinary course of business $0 $0 b. Total payments to third parties incident to assets being sold/transferred outside the ordinary course of business $0 $0 c. Net cash proceeds from assets sold/transferred outside the ordinary course of business (a-b) $0 $0 Part 4: Income Statement (Statement of Operations) Current Month Cumulative (Not generally applicable to Individual Debtors. See Instructions.) a. Gross income/sales (net of returns and allowances) $0 b. Cost of goods sold (inclusive of depreciation, if applicable) $0 c. Gross profit (a-b) $0 d. Selling expenses $0 e. General and administrative expenses $0 f. Other expenses $-201 g. Depreciation and/or amortization (not included in 4b) $0 h. Interest $0 i. Taxes (local, state, and federal) $0 j. Reorganization items $0 k. Profit (loss) $-201 $-1,855 DocuSign Envelope ID: 77A45E5D-11B9-4C41-8574-77175E7D0548Case 23-14853-JKS Doc 863 Filed 01/19/24 Entered 01/19/24 15:39:11 Desc Main Document Page 2 of 12


 
UST Form 11-MOR (12/01/2021) 3 Debtor's Name Cyxtera Technologies, Inc. Case No. 23-14853 Part 5: Professional Fees and Expenses Approved Current Month Approved Cumulative Paid Current Month Paid Cumulative a. Debtor's professional fees & expenses (bankruptcy) Aggregate Total Itemized Breakdown by Firm Firm Name Role i ii iii iv v vi vii viii ix x xi xii xiii xiv xv xvi xvii xviii xix xx xxi xxii xxiii xxiv xxv xxvi xxvii xxviii xxix xxx xxxi xxxii xxxiii xxxiv xxxv xxxvi DocuSign Envelope ID: 77A45E5D-11B9-4C41-8574-77175E7D0548Case 23-14853-JKS Doc 863 Filed 01/19/24 Entered 01/19/24 15:39:11 Desc Main Document Page 3 of 12


 
UST Form 11-MOR (12/01/2021) 4 Debtor's Name Cyxtera Technologies, Inc. Case No. 23-14853 xxxvii xxxvii xxxix xl xli xlii xliii xliv xlv xlvi xlvii xlviii xlix l li lii liii liv lv lvi lvii lviii lix lx lxi lxii lxiii lxiv lxv lxvi lxvii lxviii lxix lxx lxxi lxxii lxxiii lxxiv lxxv lxxvi lxxvii lxxvii DocuSign Envelope ID: 77A45E5D-11B9-4C41-8574-77175E7D0548Case 23-14853-JKS Doc 863 Filed 01/19/24 Entered 01/19/24 15:39:11 Desc Main Document Page 4 of 12


 
UST Form 11-MOR (12/01/2021) 5 Debtor's Name Cyxtera Technologies, Inc. Case No. 23-14853 lxxix lxxx lxxxi lxxxii lxxxii lxxxiv lxxxv lxxxvi lxxxvi lxxxvi lxxxix xc xci xcii xciii xciv xcv xcvi xcvii xcviii xcix c ci Approved Current Month Approved Cumulative Paid Current Month Paid Cumulative b. Debtor's professional fees & expenses (nonbankruptcy) Aggregate Total Itemized Breakdown by Firm Firm Name Role i ii iii iv v vi vii viii ix x xi xii xiii xiv DocuSign Envelope ID: 77A45E5D-11B9-4C41-8574-77175E7D0548Case 23-14853-JKS Doc 863 Filed 01/19/24 Entered 01/19/24 15:39:11 Desc Main Document Page 5 of 12


 
UST Form 11-MOR (12/01/2021) 6 Debtor's Name Cyxtera Technologies, Inc. Case No. 23-14853 xv xvi xvii xviii xix xx xxi xxii xxiii xxiv xxv xxvi xxvii xxviii xxix xxx xxxi xxxii xxxiii xxxiv xxxv xxxvi xxxvii xxxvii xxxix xl xli xlii xliii xliv xlv xlvi xlvii xlviii xlix l li lii liii liv lv lvi DocuSign Envelope ID: 77A45E5D-11B9-4C41-8574-77175E7D0548Case 23-14853-JKS Doc 863 Filed 01/19/24 Entered 01/19/24 15:39:11 Desc Main Document Page 6 of 12


 
UST Form 11-MOR (12/01/2021) 7 Debtor's Name Cyxtera Technologies, Inc. Case No. 23-14853 lvii lviii lix lx lxi lxii lxiii lxiv lxv lxvi lxvii lxviii lxix lxx lxxi lxxii lxxiii lxxiv lxxv lxxvi lxxvii lxxvii lxxix lxxx lxxxi lxxxii lxxxii lxxxiv lxxxv lxxxvi lxxxvi lxxxvi lxxxix xc xci xcii xciii xciv xcv xcvi xcvii xcviii DocuSign Envelope ID: 77A45E5D-11B9-4C41-8574-77175E7D0548Case 23-14853-JKS Doc 863 Filed 01/19/24 Entered 01/19/24 15:39:11 Desc Main Document Page 7 of 12


 
UST Form 11-MOR (12/01/2021) 8 Debtor's Name Cyxtera Technologies, Inc. Case No. 23-14853 xcix c c. All professional fees and expenses (debtor & committees) $0 $0 $0 $0 Part 6: Postpetition Taxes Current Month Cumulative a. Postpetition income taxes accrued (local, state, and federal) $0 $0 b. Postpetition income taxes paid (local, state, and federal) $0 $0 c. Postpetition employer payroll taxes accrued $0 $0 d. Postpetition employer payroll taxes paid $0 $0 e. Postpetition property taxes paid $0 $0 f. Postpetition other taxes accrued (local, state, and federal) $0 $0 g. Postpetition other taxes paid (local, state, and federal) $0 $0 Part 7: Questionnaire - During this reporting period: a. Were any payments made on prepetition debt? (if yes, see Instructions) Yes No b. Yes NoWere any payments made outside the ordinary course of business without court approval? (if yes, see Instructions) c. Yes NoWere any payments made to or on behalf of insiders? d. Yes NoAre you current on postpetition tax return filings? e. Yes NoAre you current on postpetition estimated tax payments? f. Were all trust fund taxes remitted on a current basis? Yes No g. Yes NoWas there any postpetition borrowing, other than trade credit? (if yes, see Instructions) h. Were all payments made to or on behalf of professionals approved by the court? Yes No N/A i. Do you have: Worker's compensation insurance? Yes No If yes, are your premiums current? Yes No N/A (if no, see Instructions) Casualty/property insurance? Yes No If yes, are your premiums current? Yes No N/A (if no, see Instructions) General liability insurance? Yes No If yes, are your premiums current? Yes No N/A (if no, see Instructions) j. Has a plan of reorganization been filed with the court? Yes No k. Has a disclosure statement been filed with the court? Yes No l. Are you current with quarterly U.S. Trustee fees as set forth under 28 U.S.C. § 1930? Yes No DocuSign Envelope ID: 77A45E5D-11B9-4C41-8574-77175E7D0548Case 23-14853-JKS Doc 863 Filed 01/19/24 Entered 01/19/24 15:39:11 Desc Main Document Page 8 of 12


 
Case 23-14853-JKS Doc 863 Filed 01/19/24 Entered 01/19/24 15:39:11 Desc Main Document Page 9 of 12


 
UST Form 11-MOR (12/01/2021) 10 Debtor's Name Cyxtera Technologies, Inc. Case No. 23-14853 PageOnePartOne PageOnePartTwo PageTwoPartOne PageTwoPartTwo DocuSign Envelope ID: 77A45E5D-11B9-4C41-8574-77175E7D0548Case 23-14853-JKS Doc 863 Filed 01/19/24 Entered 01/19/24 15:39:11 Desc Main Document Page 10 of 12


 
UST Form 11-MOR (12/01/2021) 11 Debtor's Name Cyxtera Technologies, Inc. Case No. 23-14853 Bankruptcy51to100 NonBankruptcy1to50 NonBankruptcy51to100 Bankruptcy1to50 DocuSign Envelope ID: 77A45E5D-11B9-4C41-8574-77175E7D0548Case 23-14853-JKS Doc 863 Filed 01/19/24 Entered 01/19/24 15:39:11 Desc Main Document Page 11 of 12


 
UST Form 11-MOR (12/01/2021) 12 Debtor's Name Cyxtera Technologies, Inc. Case No. 23-14853 PageFour PageThree DocuSign Envelope ID: 77A45E5D-11B9-4C41-8574-77175E7D0548Case 23-14853-JKS Doc 863 Filed 01/19/24 Entered 01/19/24 15:39:11 Desc Main Document Page 12 of 12


 
December MOR - Statements of Cash Receipts and Disbursements ENTITY NAME Cyxtera Communications, LLC Cyxtera Technologies, Inc. Cyxtera Canada, LLC Cyxtera Communications Canada, ULC Cyxtera Data Centers, Inc. Cyxtera DC Holdings, Inc. Cyxtera DC Parent Holdings, Inc. Cyxtera Federal Group, Inc. Cyxtera Management, Inc. Cyxtera Netherlands B.V. Cyxtera Canada TRS, ULC Cyxtera Digital Services, LLC Cyxtera Employer Services, LLC Cyxtera Holdings, LLC Cyxtera Technologies Maryland, Inc. Cyxtera Technologies, LLC CASH BEGINNING AS OF DECEMBER 1ST 2023 75,453,138 5,881 ‐ 10,258,590 ‐ 30,515 ‐ 48,707 3,013,889 ‐ ‐ ‐ ‐ ‐ ‐ ‐ RECEIPTS TOTAL RECEIPTS 95,313,165 ‐ ‐ 12,160,525 ‐ 1,864,933 ‐ 470,611 17,014,782 ‐ ‐ ‐ ‐ ‐ ‐ ‐ DISBURSEMENTS (1) CAPEX 6,360,743 ‐ ‐ 293,971 ‐ ‐ ‐ ‐ 41,467 ‐ ‐ ‐ ‐ ‐ ‐ ‐ COMMISSONS 341,393 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ EMPLOYEE / BENEFITS 5,835,320 ‐ ‐ 141,543 ‐ ‐ ‐ 51,291 3,472,561 ‐ ‐ ‐ ‐ ‐ ‐ ‐ EQUIPMENT LEASES 1,496,733 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ OTHER 5,787,313 201 ‐ 1,074,634 ‐ 1,862,755 ‐ 285,216 13,960,760 ‐ ‐ ‐ ‐ ‐ ‐ ‐ RENT 17,457,704 ‐ ‐ 416,434 ‐ ‐ ‐ ‐ 265,627 ‐ ‐ ‐ ‐ ‐ ‐ ‐ TAX 154,082 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 33,718 ‐ ‐ ‐ ‐ ‐ ‐ ‐ THIRD PARTY 165,689 ‐ ‐ 75,039 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ UTILITIES 9,525,054 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ TOTAL DISBURSEMENTS 47,124,032 201 2,001,622 1,862,755 336,507 17,774,132 NET CASH FLOW (RECEIPTS LESS DISBURSEMENTS) 48,189,133 (201) 10,158,903 2,178 134,104 (759,350) CASH – END OF MONTH 123,642,271 5,681 20,417,493 32,693 182,811 2,254,539 Notes: (1) Only includes external disbursements; intercompany disbursements removed DocuSign Envelope ID: 77A45E5D-11B9-4C41-8574-77175E7D0548 Case 23-14853-JKS Doc 863-1 Filed 01/19/24 Entered 01/19/24 15:39:11 Desc Supporting Documents Page 1 of 4


 
December MOR - Balance Sheet ENTITY NAME Cyxtera Communications, LLC Cyxtera Technologies, Inc. Cyxtera Canada, LLC Cyxtera Communications Canada, ULC Cyxtera Data Centers, Inc. Cyxtera DC Holdings, Inc. Cyxtera DC Parent Holdings, Inc. Cyxtera Federal Group, Inc. Cyxtera Management, Inc. Cyxtera Netherlands B.V. Cyxtera Canada TRS, ULC Cyxtera Digital Services, LLC Cyxtera Employer Services, LLC Cyxtera Holdings, LLC Cyxtera Technologies Maryland, Inc. Cyxtera Technologies, LLC Current Assets 161,563,574 1,530,454 ‐ 21,778,769 ‐ 32,693 ‐ 1,042,606 13,364,699 124,668 ‐ ‐ ‐ ‐ ‐ ‐ Cash 127,622,481 55,681 ‐ 19,803,180 ‐ 32,693 ‐ 182,811 2,254,539 ‐ ‐ ‐ ‐ ‐ ‐ ‐ Trade Receivables 15,982,037 ‐ ‐ 1,712,868 ‐ ‐ ‐ 122,577 197,215 (630) ‐ ‐ ‐ ‐ ‐ ‐ Intercompany Receivables ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 1,192,602 ‐ ‐ ‐ ‐ ‐ ‐ ‐ Other Current Assets 17,959,056 1,474,773 ‐ 262,721 ‐ 0 ‐ 737,218 9,720,343 125,299 ‐ ‐ ‐ ‐ ‐ ‐ Non‐Current Assets 1,818,106,046 10,327,205 ‐ 64,546,760 ‐ 2,008,496,609 ‐ 345,568 12,535,464 83,902 ‐ ‐ ‐ ‐ ‐ ‐ Other Non‐Current Assets ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ PP&E 1,275,686,129 ‐ ‐ 57,374,884 ‐ ‐ ‐ ‐ 2,841,025 9,829 ‐ ‐ ‐ ‐ ‐ ‐ Operating 149,804,676 ‐ ‐ 2,391,539 ‐ ‐ ‐ ‐ 9,062,809 ‐ ‐ ‐ ‐ ‐ ‐ ‐ Goodwill 0 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Net Intangible Asset 377,345,104 ‐ ‐ 4,769,089 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Other Long Term Asset 15,270,137 10,327,205 ‐ 11,248 ‐ 2,008,496,609 ‐ 345,568 631,630 74,074 ‐ ‐ ‐ ‐ ‐ ‐ Current Liabilities (72,021,860) (104,227,700) (9,090,041) 30,527,434 ‐ 152,424,840 ‐ 8,172,224 640,023,749 (12,608,472) ‐ ‐ ‐ ‐ ‐ ‐ A/P 42,683,829 ‐ ‐ 819,071 ‐ ‐ ‐ 252,771 4,493,462 1,067,050 ‐ ‐ ‐ ‐ ‐ ‐ Accrued Expenses 80,736,122 188,478 ‐ 1,317,701 ‐ 1,977,584 ‐ 256,670 15,815,841 9,000,769 ‐ ‐ ‐ ‐ ‐ ‐ Other Current Liabilities 9,140,970 ‐ ‐ 305,481 ‐ ‐ ‐ 38,838 4,272 4,238 ‐ ‐ ‐ ‐ ‐ ‐ Intercompany Payable (330,763,636) (104,416,178) (9,090,041) 25,490,366 ‐ (50,021,255) ‐ 6,741,752 618,426,306 (22,682,499) ‐ ‐ ‐ ‐ ‐ ‐ Short Term Operating Lease 27,068,881 ‐ ‐ 312,199 ‐ ‐ ‐ ‐ 1,283,867 ‐ ‐ ‐ ‐ ‐ ‐ ‐ Capital Lease OFO 24,369,185 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 0 ‐ ‐ ‐ ‐ ‐ ‐ ‐ Current Portionn of Debt ‐ ‐ ‐ ‐ ‐ 200,468,511 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Deferred Revenue 74,742,790 ‐ ‐ 2,282,616 ‐ ‐ ‐ 882,192 ‐ 1,971 ‐ ‐ ‐ ‐ ‐ ‐ Non‐Current Liabilities 1,067,380,223 1,160,655 ‐ 27,778,445 ‐ 970,965,318 ‐ (715,834) 10,185,542 ‐ ‐ ‐ ‐ ‐ ‐ ‐ Other Non‐Current Libilities 214,504,731 ‐ ‐ 5,109,488 ‐ 970,965,318 ‐ 515,494 10,946,400 ‐ ‐ ‐ ‐ ‐ ‐ ‐ Long Term Debt LCM ‐ ‐ ‐ ‐ ‐ (0) ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Long Term Cap Lease Obligaation 850,165,385 ‐ ‐ 22,668,955 ‐ ‐ ‐ ‐ (0) ‐ ‐ ‐ ‐ ‐ ‐ ‐ Deferred Tax Liability 2,710,107 1,160,655 ‐ 2 ‐ ‐ ‐ (1,231,328) (760,858) ‐ ‐ ‐ ‐ ‐ ‐ ‐ Shareholder's Equity 984,311,256 114,924,703 9,090,041 28,019,651 ‐ 885,139,144 ‐ (6,068,215) (624,309,127) 12,817,042 ‐ ‐ ‐ ‐ ‐ ‐ Common Stock ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Other Shareholder's Equity 1,788,772,740 540,312,669 9,103,140 68,348,289 ‐ 1,333,231,202 ‐ 813,488 70,248,854 778,260 ‐ ‐ ‐ ‐ ‐ ‐ Treasury Stock ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Accumulated Dividend ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Retained Earnings (804,461,484) (425,387,966) (13,099) (40,328,638) ‐ (448,092,058) ‐ (6,881,703) (694,557,981) 12,038,782 ‐ ‐ ‐ ‐ ‐ ‐ Notes: (1) All tax accruals are not reflected in the balance sheet and income statement due to timing of quarter end financial close process DocuSign Envelope ID: 77A45E5D-11B9-4C41-8574-77175E7D0548 Case 23-14853-JKS Doc 863-1 Filed 01/19/24 Entered 01/19/24 15:39:11 Desc Supporting Documents Page 2 of 4


 
December MOR - Statements of Operations ENTITY NAME Cyxtera Communications, LLC Cyxtera Technologies, Inc. Cyxtera Canada, LLC Cyxtera Communications Canada, ULC Cyxtera Data Centers, Inc. Cyxtera DC Holdings, Inc. Cyxtera DC Parent Holdings, Inc. Cyxtera Federal Group, Inc. Cyxtera Management, Inc. Cyxtera Netherlands B.V. Cyxtera Canada TRS, ULC Cyxtera Digital Services, LLC Cyxtera Employer Services, LLC Cyxtera Holdings, LLC Cyxtera Technologies Maryland, Inc. Cyxtera Technologies, LLC Revenue 52,846,860 ‐ ‐ 2,118,153 ‐ ‐ ‐ 466,280 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Colocation Revenue 53,383,943 ‐ ‐ 2,004,838 ‐ ‐ ‐ 466,280 ‐ 464 ‐ ‐ ‐ ‐ ‐ ‐ Cybersecurity Revenue ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Intercompany Revenue (537,083) ‐ ‐ 113,315 ‐ ‐ ‐ ‐ ‐ (464) ‐ ‐ ‐ ‐ ‐ ‐ Val Adjustment Revenue ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Operating Expenses (25,806,741) ‐ ‐ (659,868) ‐ ‐ ‐ (2,912) 21 (68,148) ‐ ‐ ‐ ‐ ‐ ‐ Personnel Operating Expenses (4,749,663) ‐ ‐ (108,265) ‐ ‐ ‐ ‐ 21 (68,525) ‐ ‐ ‐ ‐ ‐ ‐ Total Direct ‐ COR (21,057,078) ‐ ‐ (551,603) ‐ ‐ ‐ (2,912) ‐ 378 ‐ ‐ ‐ ‐ ‐ ‐ SG&A (4,175,248) ‐ ‐ 19,406 ‐ ‐ ‐ (276,044) (4,143,294) (5,572) ‐ ‐ ‐ ‐ ‐ ‐ Total Personnel SG&A (4,078,427) ‐ ‐ (4,352) ‐ ‐ ‐ (150,293) (2,452,789) (7,449) ‐ ‐ ‐ ‐ ‐ ‐ Marketing and Advertisement (10,540) ‐ ‐ ‐ ‐ ‐ ‐ ‐ (250,643) 4,170 ‐ ‐ ‐ ‐ ‐ ‐ Other SG&A (86,281) ‐ ‐ 23,758 ‐ ‐ ‐ (125,751) (1,439,861) (2,292) ‐ ‐ ‐ ‐ ‐ ‐ Depreciation and Amortization (16,576,881) ‐ ‐ (671,774) ‐ ‐ ‐ ‐ (150,533) ‐ ‐ ‐ ‐ ‐ ‐ ‐ Depreciation Expense (11,551,074) ‐ ‐ (671,774) ‐ ‐ ‐ ‐ (150,533) ‐ ‐ ‐ ‐ ‐ ‐ ‐ Amortization Expense (5,025,806) ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Asset Impairment Loss ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Asset Impairment ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Notes Receivable Asset Impairment Loss ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ IC Receivable Asset Impairment Loss ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Acquisition & Other Cost ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Acquisition cost ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Sponsor Fee ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Net Intereset Expense (6,898,696) ‐ ‐ (158,582) ‐ (1,680,738) ‐ (57,425) (471,284) 29,702 ‐ ‐ ‐ ‐ ‐ ‐ Interest and Other Expense (6,898,696) ‐ ‐ (158,582) ‐ (1,680,738) ‐ (57,425) (471,284) 29,702 ‐ ‐ ‐ ‐ ‐ ‐ Debt Issuance Cost Amortization ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Non‐Operating Income 22,178,017 (201) ‐ 7,173,835 ‐ 207,128 ‐ (590) 124,505 132,551 ‐ ‐ ‐ ‐ ‐ ‐ Gain.Loss Asset Sale 40,842 ‐ ‐ 8,954,077 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Gain.Loss Exchange 2,705,670 ‐ ‐ (101,282) ‐ 207,441 ‐ ‐ ‐ (2,986) ‐ ‐ ‐ ‐ ‐ ‐ Gain.Loss Investment ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Other Non‐Operating Income 19,431,505 (201) ‐ (1,678,960) ‐ (313) ‐ (590) 124,505 135,537 ‐ ‐ ‐ ‐ ‐ ‐ Change in Warrant Debt ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Income and Other Tax (185,331) ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Income Tax Expense (185,331) ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Deferred Income Tax ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Net G/L Cont Operation ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Gain/Loss Conti Operation ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Net Income 21,381,979 (201) ‐ 7,821,170 ‐ (1,473,611) ‐ 129,310 (4,640,585) 88,534 ‐ ‐ ‐ ‐ ‐ ‐ Notes: (1) All tax accruals are not reflected in the balance sheet and income statement due to timing of quarter end financial close process DocuSign Envelope ID: 77A45E5D-11B9-4C41-8574-77175E7D0548 Case 23-14853-JKS Doc 863-1 Filed 01/19/24 Entered 01/19/24 15:39:11 Desc Supporting Documents Page 3 of 4


 
December MOR - Payments Made On Prepetition Debt ENTITY NAME Cyxtera Communications, LLC Cyxtera Technologies, Inc. Cyxtera Canada, LLC Cyxtera Communications Canada, ULC Cyxtera Data Centers, Inc. Cyxtera DC Holdings, Inc. Cyxtera DC Parent Holdings, Inc. Cyxtera Federal Group, Inc. Cyxtera Management, Inc. Cyxtera Netherlands B.V. Cyxtera Canada TRS, ULC Cyxtera Digital Services, LLC Cyxtera Employer Services, LLC Cyxtera Holdings, LLC Cyxtera Technologies Maryland, Inc. Cyxtera Technologies, LLC Vendor 1,531,601 ‐ ‐ 74,962 ‐ ‐ ‐ 68,540 374,083 88,412 ‐ ‐ ‐ ‐ ‐ ‐ Insurance ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Wages ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ DIP ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Tax ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Customer ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Grand total 1,531,601 ‐ ‐ 74,962 ‐ ‐ ‐ 68,540 374,083 88,412 ‐ ‐ ‐ ‐ ‐ ‐ DocuSign Envelope ID: 77A45E5D-11B9-4C41-8574-77175E7D0548 Case 23-14853-JKS Doc 863-1 Filed 01/19/24 Entered 01/19/24 15:39:11 Desc Supporting Documents Page 4 of 4


 
v3.23.4
Cover Page
Jan. 19, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Jan. 19, 2024
Entity Registrant Name Cyxtera Technologies, Inc.
Entity Incorporation, State or Country Code DE
Entity File Number 001-39496
Entity Tax Identification Number 84-3743013
Entity Address, Address Line One 2333 Ponce de Leon Boulevard
Entity Address, Address Line Two Suite 900
Entity Address, City or Town Coral Gables
Entity Address, State or Province FL
Entity Address, Postal Zip Code 33134
City Area Code 305
Local Phone Number 537-9500
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Class A common stock, par value $0.0001 pershare
Trading Symbol CYXTQ
Entity Emerging Growth Company true
Entity Ex Transition Period false
Amendment Flag false
Entity Central Index Key 0001794905

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